Important events after the end of the year

  • ICA Sweden is to launch border trade with Norway. The first store will open in Riksgränsen in September 2014 and the plan is to open a number of new stores along the Norwegian border by 2020.
  • In February 2014 ICA Gruppen signed an agreement to refinance the last outstanding bridge loans with other debt financing. All the bridge loans raised in conjunction with the acquisition of the remaining shares in ICA AB in spring 2013 are thereby refinanced.
  • The Norwegian Competition Authority has notified in an advance ruling that it will not approve the cooperation with Norgesgruppen. At the time of writing, the review of the decision and the consequences it may have for the Company's operations in Norway is in progress.