ICA Gruppen Divests Rimi Baltic Group to Salling Group for EUR 1.3 Billion
Deal News | Mar 12, 2025 | CEE Legal Matters
Walless, collaborating with Gernandt & Danielsson, has successfully advised ICA Gruppen in the sale of its Rimi Baltic Group to the Danish retail company Salling Group for EUR 1.3 billion. Sorainen reportedly provided legal counsel to Salling Group in this strategic acquisition. Rimi Baltic Group, which manages 314 grocery store locations and employs 11,000 individuals in Estonia, Latvia, and Lithuania, is expected to benefit from new ownership that aims to bolster its growth. This transaction enables ICA Gruppen to concentrate its resources and efforts more strategically within the Swedish market. The formidable team from Walless comprised of numerous partners, associate partners, and other legal professionals ensured the smooth progression and successful completion of the deal.
Sectors
- Retail
- Legal Services
- Mergers & Acquisitions
Geography
- Baltic States – Rimi Baltic Group operates in Estonia, Latvia, and Lithuania, hence the Baltic States' involvement.
- Sweden – ICA Gruppen, a Swedish company, is refocusing its efforts on the Swedish market post-sale.
- Denmark – Salling Group, the acquiring company, is based in Denmark.
Industry
- Retail – Rimi Baltic Group operates grocery stores across the Baltic region, making it a player in the retail industry.
- Legal Services – The involvement of Walless and Sorainen in advising on the transaction highlights the role of legal services in facilitating M&A activities.
- Mergers & Acquisitions – The article discusses the sale of Rimi Baltic Group, indicating its relevance to the Mergers & Acquisitions industry sector.
Financials
- EUR 1.3 billion – The transaction price for the sale of Rimi Baltic Group to Salling Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ICA Gruppen | Selling Company | Company | The Swedish retail company selling its subsidiary Rimi Baltic Group. |
| Salling Group | Bidding Company/Buyer | Company | The Danish retail company acquiring Rimi Baltic Group. |
| Rimi Baltic Group | Target Company | Company | A retail group operating grocery stores in the Baltic region. |
| Walless | Legal Advisor | Company | The law firm that advised ICA Gruppen on the sale. |
| Gernandt & Danielsson | Legal Advisor | Company | Partnered with Walless in advising ICA Gruppen on the transaction. |
| Sorainen | Legal Advisor | Company | Advised Salling Group on the legal aspects of the acquisition. |