Brief: ICA Sells All Shares In Hemtex To Kid ASA
14/05/2019 16:53
May 14 (Reuters) - Ica Gruppen ICAA.ST :
* ICA SELLS ALL SHARES IN HEMTEX TO KID
* TODAY SOLD ALL IF ITS SHARES IN HEMTEX TO NORWEGIAN HOME
TEXTILES CHAIN KID ASA
* TONY HOLMBERG IS LEAVING ICA GRUPPEN MANAGEMENT TEAM AND
WILL
BECOME A MEMBER OF ICA SWEDEN'S MANAGEMENT TEAM
* PURCHASE PRICE, WHICH AFTER TRANSACTION COSTS ENTAILS A
CAPITAL
LOSS OF ABOUT SEK 400 MILLION, WHICH WILL BE RECOGNISED DURING
Q2 2019
Source text for Eikon: ID:nWkr6C5Zkw
Further company coverage: ICAA.ST
((Reuters.Briefs@thomsonreuters.com;))