ICA Gruppen completes divestment of Cervera

ICA Gruppen’s divestment of Cervera has now been completed. The purchase price
amounted to SEK 160 million.
ICA Gruppen, which announced on 16 March that an agreement had been signed with
Accent Equity 2012 to sell Cervera, has now completed this deal following
approval from the Swedish Competition Authority.

The purchase price amounted to SEK 160 million. After a conditional shareholder
dividend to ICA Gruppen of SEK 35 million, the remaining consideration will be
divided between ICA Gruppen and minority owners according their holding
percentage. ICA Gruppen will obtain a positive cash flow effect of SEK 135
million and a capital loss of SEK 10 million, after deduction for transaction
costs.

ICA Gruppen’s CEO, Per Strömberg, comments: “The divestment of Cervera is in
line with the strategy adopted by ICA Gruppen in autumn 2013 which means that we
are focusing our non-food offering. With this transaction, together with the
divestment of Kjell & Company in May 2014 and the sale of Forma in October 2014,
we have now completed this process.”

Today, Cervera has a nationwide retail network consisting of approximately 70
stores. Cervera’s sales amounted to SEK 745 million in 2014. ICA Gruppen’s
holding in Cervera amounts to 91.4%. Other shareholders are selling their shares
in this transaction on the same terms.

Handelsbanken Capital Markets has acted as financial advisor to ICA Gruppen in
connection with the transaction.

For more information
ICA Gruppen press service, telephone number: +46 10 422 52 52
Investor Relations, Frans Benson, +46 8 561 500 20
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 11.40 CET on Thursday, 23 April
2015.
ICA Gruppen AB (publ) is a leading retail company with a focus on food and
health. The Group includes ICA Sweden and Rimi Baltic which mainly conduct
grocery retail, ICA Real Estate which owns and manages properties, ICA Bank
which offers financial services and, since January 2015, Apotek Hjärtat which
conducts pharmacy operations. The Group also includes the wholly owned portfolio
company inkClub and the partly owned portfolio company Hemtex. For more
information see icagruppen.se