Norwegian Competition Authority considers to temporarily prohibiting the implementation of the cooperation agreement between ICA and Norgesgruppen

Today, the Norwegian Competition Authority issued a notification in which it was stated that the Norwegian Competition Authority is considering prohibiting the implementation of the cooperation agreement between ICA and Norgesgruppen.

This is just a notification and not a formal decision that right now poses an obstacle to the ongoing implementation.

ICA's view is, and has been, that the cooperation agreement with Norgesgruppen is in compliance with relevant competition legislation.

ICA has until March 8, 2013, to respond to the notification.

The information herein is such that Hakon Invest AB must disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 13.00 CET on Tuesday, 26 February 2013.  

 

 

 

For more information, contact:

CFO	Head of Investor Relations
Göran Blomberg	Pernilla Grennfelt
tel. [phone]	tel.[phone]

Hakon Invest, which is listed on Nasdaq OMX Stockholm, conducts active and long-term investment operations in retail-oriented companies in the Nordic and Baltic region. Hakon Invest owns 40% of ICA AB, the Nordic region's leading retail company with a focus on food. The portfolio also includes shares in Forma Publishing Group, Kjell & Company, Cervera, inkClub and Hemtex. Further information about Hakon Invest is available at www.hakoninvest.se. 

Press release (pdf)

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Source: Hakon Invest AB via Thomson Reuters ONE

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