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Competitor Monitoring: Ahold To Sell Off ICA Stake

February 9, 2013
Profitero
Written By
Profitero

Dutch retaliing group Ahold has announced that it is planning to sell its 60 per cent stake in Scandinavian retail giant ICA. The company will sell its stake to partner Hakon Invest for SEK20bn (€2.33 billion).

The sale will have no direct impact on the joint activities of Ahold and Hakon Invest in the areas of sourcing and responsible retailing, said Ahold. The deal should be completed by mid-2013, subject to regulatory approval. The sale also includes an additional SEK1.2 billion pidend issued by ICA last year.

Four months ago, Ahold said it was considering either selling off the stake, or listing ICA in Stockholm, Sweden. The group aims to focus the execution of this strategy on businesses it controls in order to create value, said the Dutch retailing group.

ICA operates more than 2,200 stores under the ICA and Rimi banner in Sweden, Norway, and the Baltic countries.

© 2013 Profitero

About Profitero

Pricing intelligence company Profitero provides retailers with actionable price intelligence data, monitoring over 50 million products across 4,000 eCommerce retailers every day, observing pricing, promotions and stock availability. We work with the world’s leading retailers, enabling them to acquire new customers and grow profit margins by monitoring and responding to changes in competitor pricing and promotional activity as they happen. For more information on Profitero price intelligence and competitor monitoring, visit www.profitero.com or email sales@profitero.com

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