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ICA Gruppen AB issues preference shares


Friday, 6 Dec 2013 02:00am EST 

ICA Gruppen AB:Says it issues a total of 3.0 billion Swedish crowns in the form of unlisted preference shares in the subsidiary ICA Fastigheter Sverige AB.Says the issue of preference shares is a step in the financing of the acquisition of remaining shares in ICA AB.The preference share issue is subscribed in equal parts by AMF Pensionsforsakring AB and If Skadeforsakring AB.Says ICA Fastigheter Sverige, from and including the AGM 2018 until the AGM 2020, can redeem the preference shares at an amount corresponding to 100 percent of the subscription price in the preference share issue.Says if the preference shares are redeemed before or after this period, the preference shares can be redeemed at an amount corresponding to 110 percent of the subscription price.Says that following the preference share issue, ICA Fastigheter holds approximately 97 percent of the votes and approximately 77 percent of the shares in ICA Fastigheter Sverige.Says Handelsbanken Capital Markets and Nordea Markets act as financial advisors for the transaction, and Gernandt & Danielson Advokatbyra acts as legal advisor in connection with the transaction. 

Company Quote

213.3
-1.8 -0.84%
9:35am EDT