ICA Gruppen Sells Rimi Baltic to Salling Group for EUR 1.3 Billion
Deal News | Mar 05, 2025 | Gernandt & Danielsson Advokatbyr
ICA Gruppen AB, a major player in the food retail industry, is divesting its wholly owned subsidiary, Rimi Baltic, which operates in Estonia, Latvia, and Lithuania. The deal, valued at EUR 1.3 billion, sees Rimi Baltic being sold to Denmark's Salling Group. This transaction marks a significant move in the Baltic retail market. Gernandt & Danielsson, a noted law firm, acted as the advisor for ICA Gruppen in this process, highlighting their expertise in handling high-profile divestments.
Sectors
- Retail
- Legal Services
Geography
- Estonia – Rimi Baltic operates in Estonia, which is one of the countries involved in the divestment.
- Latvia – Rimi Baltic operates in Latvia, making it a key geography in this transaction.
- Lithuania – Rimi Baltic also operates in Lithuania, thus this country is part of the transaction.
- Denmark – Salling Group, the buyer in the transaction, is based in Denmark.
Industry
- Retail – The article is primarily concerned with the divestment of Rimi Baltic, a food retail operation in the Baltic countries, making the retail industry highly relevant.
- Legal Services – Gernandt & Danielsson provided legal advisory services for the transaction, highlighting the role of legal services in facilitating such deals.
Financials
- EUR 1.3 billion – The value of the divestment deal for Rimi Baltic.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ICA Gruppen AB | Selling Company | Company | A prominent Swedish retail company selling its Baltic operations. |
| Rimi Baltic | Target Company | Company | The Baltic subsidiary of ICA Gruppen, operating in food retail across Estonia, Latvia, and Lithuania. |
| Salling Group | Bidding Company | Company | A Danish retail company purchasing Rimi Baltic. |
| Gernandt & Danielsson Advokatbyrå | Legal Advisor | Company | The law firm providing advisory services to ICA Gruppen for the divestment. |