The Norwegian Competition Authority has today issued an advance notice that they
intend to stop the cooperation agreement between ICA Norway and Norgesgruppen.
ICA and Norgesgruppen now have until 25 April to submit comments. The Authority
will then announce their decision.
It is only possible to appeal once the Authority has issued their decision. ICA
has not yet decided whether to proceed to a higher court.
“This is a negative decision for us. The Competition Authority has now developed
justification for its position and we now have time to examine their
objections,” says Per Strömberg, CEO ICA Gruppen.
The background is that ICA Norway has entered into a strategic cooperation with
Norgesgruppen within the areas of sourcing and logistics. The aim is to secure
competitive prices and product range for ICA’s customers and achieve long-term
For more information
ICA Gruppen press service, Telephone number: +46 70 253 66 60
ICA Gruppen 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 09:30 CET on Thursday, February 13, 2014.
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
GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
2321 Rosecrans Avenue.
El Segundo, CA 90245 Phone: (800) 307-6627 Fax: (800) 307-3567
25 Basinghall Street,
London EC2V 5HA
UK Phone: +1 866-465-8454