"I'm glad that this important deal can be completed in such a relatively short time. We are proud of Rimi Baltic's strong development and our shared history of more than 28 years, and we are divesting a strong and healthy company. I am particularly proud of the Baltic organization, which over the years has been able to adapt its operations to a changing environment and always come out as a winner. It also feels good to know that Rimi Baltic will be able to continue with a new owner who has the ambition to grow internationally. In this way, this transaction will benefit both ICA Gruppen and Rimi Baltic, as well as its customers and employees," says Nina Jönsson, CEO of ICA Gruppen.

The transaction releases funds that can be allocated to develop and strengthen the core business and customer offerings in Sweden.

Rimi Baltic is divested at an enterprise valuation of EUR 1.3 billion. The divested business includes liabilities, mainly IFRS 16 lease liabilities, amounting to EUR 0.5 billion. Rimi Baltic will be reported as discontinued operations in ICA Gruppen's interim report for the first four months of 2025, which will be published on 5 June. For further details, please refer to the press release published on 5 March, 2025.

For more information
ICA Gruppen press service, telephone number: +46 (0)10 422 52 52, e-mail: press@ica.se

icagruppen.se

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. In 2024, ICA Gruppen had a turnover of approximately SEK 157 billion. For more information, see icagruppen.se.