ICA Gruppen Divests Rimi Baltic to Salling Group for EUR 1.3 Billion

Deal News | Mar 05, 2025 | Gernandt & Danielsson Advokatbyr

ICA Gruppen Divests Rimi Baltic to Salling Group for EUR 1.3 Billion

In a significant divestment, ICA Gruppen AB (publ) has sold its wholly owned food retail operation, Rimi Baltic, to Salling Group. The transaction, valued at EUR 1.3 billion, marks a strategic shift for ICA Gruppen as it offloads its operations in Estonia, Latvia, and Lithuania. Rimi Baltic has been a prominent player in the Baltic food retail market, and this acquisition aligns with Salling Group's expansion strategy in the region. Gernandt & Danielsson Advokatbyrå acted as legal advisor to ICA Gruppen in this deal.

Sectors

  • Retail
  • Legal Services

Geography

  • Estonia – Rimi Baltic's operations are located in this country, making it a relevant geography for the transaction.
  • Latvia – Rimi Baltic's operations are located in this country, making it a relevant geography for the transaction.
  • Lithuania – Rimi Baltic's operations are located in this country, making it a relevant geography for the transaction.

Industry

  • Retail – The transaction involves the sale of a food retail operation, indicating involvement in the retail sector.
  • Legal Services – Gernandt & Danielsson Advokatbyrå provided legal advisory services for the transaction, indicating involvement in the legal services sector.

Financials

  • 1.3 billion EUR – The transaction value for the sale of Rimi Baltic to Salling Group.

Participants

NameRoleTypeDescription
ICA Gruppen AB (publ)Selling CompanyCompanyICA Gruppen is a Swedish retail company that divested its Baltic operations, Rimi Baltic.
Rimi BalticTarget CompanyCompanyRimi Baltic is a wholly owned food retail operation previously held by ICA Gruppen, operating in Estonia, Latvia, and Lithuania.
Salling GroupBidding CompanyCompanySalling Group is the Danish company acquiring Rimi Baltic from ICA Gruppen.
Gernandt & Danielsson AdvokatbyråLegal AdvisorCompanyGernandt & Danielsson Advokatbyrå served as the legal advisor to ICA Gruppen in the divestment of Rimi Baltic.