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Gernandt & Danielsson advises ICA Gruppen AB (publ) in connection with its divestment of Rimi Baltic , ICA Gruppen's wholly owned food retail operation in Estonia, Latvia and Lithuania, valued at EUR 1.3 billion, to Salling Group
ICA Gruppen AB (publ) is one of the leading retail companies in the Nordics 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, ICA Insurance and Apotek Hjärtat which conducts pharmacy operations.
The transaction will release funds for ICA Gruppen, that will enable continued investments in and allocations of resources to the Swedish business to strengthen and broaden the customer offerings on the core Swedish market.
Gernandt & Danielsson advises ICA Gruppen with a team led by partners Corinne Ekman and Manfred Löfvenhaft, mainly assisted by partner Oscar Anderson, senior associate Simona Stenborg and associates Holly Karlander, Amanda Kull and Elias Vahman, as well as specialist partner Foad Hoseinian (competition/FDI), senior associates Astrid Svensson (Data protection) and Martin Zeitlin (IP) as well as associate Sofia Hagelqvist (competition/FDI).
The pan-Baltic law firm Walless has assisted Gernandt & Danielsson as local counsel with a team led by managing partner Dovilė Burgienė and expert partner Artūras Grimaila.
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Gernandt & Danielssons är en av de ledande svenska advokatbyråerna inom svensk och internationell affärsjuridik. Vi är en fullservicebyrå med särskilt fokus på transaktioner, tvistlösning och finansiella tjänster. På kontoret i Stockholm arbetar idag 150 medarbetare varav 100 jurister. För mer information besök www.gda.se
