Hakon Invest AB : The ICA Retailers Association has sold 6.0 per cent of the
shares in Hakon Invest in an accelerated book-building.
Solna, February13, 2013
The ICA Retailers Association has sold 6.0 per cent of the shares in Hakon
Invest in an accelerated book-building.
The interest among investors to acquire shares in Hakon Invest has been strong
and the ICA Retailers Association has sold 6.0 per cent of the shares in an
accelerated book-building at a price of SEK 155 per share.
The sale of 6.0 per cent of the shares in Hakon Invest, corresponding to
9,680,840 ordinary shares, was conducted after the stock exchange close on
Tuesday, February 12, 2013 and was priced at SEK 155 per share. The demand was
strong and the shares were allocated to a large number of Swedish and
The share disposal will contribute to an increased liquidity and free float in
the Hakon Invest share. After the sale, and after the previously announced
conditional sale of 10 per cent of the shares in Hakon Invest to
Industrivärden, the ICA Retailers Association will own 51.3 per cent of the
shares and votes in Hakon Invest. The remaining shares held by the ICA
Retailers Association will, after the sale, consist of 500,000 ordinary shares
and 82,067,892 class C shares. According to its statutes, the ICA Retailers
Association must hold at least 51% of the shares in Hakon Invest.
"We are very pleased with the strong interest investors have shown in the
Hakon Invest share and ICA Gruppen. The ICA Retailers Association will achieve
an ownership in line with our long term strategy and at the same time
contribute to an increased liquidity in the share, which is good for Hakon
Invest's shareholders," says Claes-Göran Sylvén, CEO, ICA Retailers
The ICA Retailers Association remains majority shareholder in Hakon Invest,
which will, following completion of the acquisition of remaining shares in
ICA, change its name to ICA Guppen. It is the ICA Retailers Association's goal
to promote, through its majority ownership, the ICA concept and create the
best conditions for ICA and as well as the individual retailer.
Handelsbanken Capital Markets and Nordea Markets are financial advisors to the
ICA Retailers Association and have acted as Joint Bookrunners in connection
with the accelerated book-building.
For further information, please contact
Claes-Göran Sylvén, CEO, ICA Retailers Association
Tel. +46 8 55 33 99 64
About the ICA Retailers Association
The ICA Retailers Association is a member organisation for the Swedish ICA
retailers. The ICA Retailers Association is also the majority shareholder in
the listed Hakon Invest AB. For further information please see
Press release (pdf)
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information contained therein.
Source: Hakon Invest AB via Thomson Reuters ONE
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