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ICA sells Kjell & Company and expects capital gain of about SEK 440 mln


Wednesday, 16 Apr 2014 02:30am EDT 

ICA Gruppen AB:Sells its 50-percent holding in Kjell & Company to FSN Capital.Sale price 630 million Swedish crowns.Expects the sale to generate a capital gain for ICA Gruppen of about 440 million crowns.The sale is in line with ICA strategy to focus on non-food offering.Expects transaction to be completed in Q2. 

Company Quote

235.5
-2.5 -1.05%
11:30am EDT