Hakon Invest AB Completes Acquisition of ICA from Koninklijke Ahold NV

Wednesday, 27 Mar 2013 06:30am EDT 

Hakon Invest AB announced that the company has completed the acquisition of the remaining 60% of the shares in ICA from Koninklijke Ahold NV, in accordance with the agreement announced on February 11, 2013. ICA is thus 100% owned by Hakon Invest. The acquisition is being financed by existing liquid assets and secured bridge financing from Handelsbanken and Nordea. Part of the bridge financing will be repaid via an underwritten new share issue to Hakon Invest shareholders amounting to around SEK 5 billion. ICA-handlarnas Forbund and Industrivarden have undertaken to subscribe for new shares in the issue in proportion to their shareholdings in Hakon Invest of 51.3% and 10% respectively of all the shares, and also to underwrite the remainder of the new share issue. Hakon Invest’s Board is expected to resolve upon the new share issue in conjunction with the publication of the interim report for January - March 2013 on April 29, 2013. This means that the subscription period for the share issue is expected to be completed by the end of May 2013. 

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