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Provider : Reuters Investment Profile
Provider : Wright Reports
Provider : Sadif Analytics Prime
Provider : Sadif Analytics Prime

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Norwegian Competition Authority gives stop notice to ICA Norway and Norgesgruppen cooperation

Thursday, 13 Feb 2014 03:32am EST 

ICA Gruppen AB:Says Norwegian Competition Authority intends to stop the cooperation agreement between ICA Norway and Norgesgruppen.Says the company and Norgesgruppen have time until Apr. 25 to submit comments and then the Authority will announce their decision.Says it is only possible to appeal once the Authority has issued their decision and adds that ICA has not yet decided whether to proceed to a higher court.ICA Norway has entered into a strategic cooperation with Norgesgruppen within the areas of sourcing and logistics with the aim is to secure competitive prices and product range for ICA’s customers and achieve long-term profitability. 

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-0.4 -0.14%
9 Oct 2015