STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
ICA Gruppen (STO:ICA) has signed an agreement with Massolit Media on a sale of Forma Books, which is part of the portfolio company Forma Holding. The divestment will generate an earnings impact of approximately SEK -100 million for ICA Gruppen in the fourth quarter of 2013. The purchase price amounts to SEK 19 million on a debt-free basis.
Forma Books has some 40 employees and sales totalled SEK 119 million in the twelve-month period which ended on 30 September 2013. The sale is expected to be completed in December 2013.
ICA Gruppen AB discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.30 CET on Wednesday, 27 November 2013.
ICA Gruppen AB (publ) is one of the Nordic region’s leading retail companies, with around 2,400 of its own and retailer-owned stores in Sweden, Norway, Estonia, Latvia and Lithuania. The Group includes the retail companies ICA Sweden, ICA Norway and Rimi Baltic, ICA Real Estate, which owns and manages properties and ICA Bank, which offers financial services to Swedish customers. The Group also includes the wholly owned portfolio companies Forma Publishing Group and inkClub and partly owned portfolio companies Cervera, Hemtex and Kjell & Company. For more information see www.icagruppen.se
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