Ica to fulfill Hemtex-buyout

      Comments Off on Ica to fulfill Hemtex-buyout

Ica will complete the buyout offer for the shareholders of the textile and interior chain Hemtex after reaching a 98.3 percent ownership.

On 25 August 2015, ICA Gruppen AB announced a cash offer to the shareholders of Hemtex AB.
At the end of the acceptance period on 1 October 2015, the offer had been accepted by shareholders corresponding to 29.8 percent of capital and votes, resulting in an ownership of 98.3 per cent of capital and votes.
ICA Gruppen will therefore complete the offer and, at the same time, extend the acceptance period to 15 October 2015 for remaining shareholders.
At the time of the announcement of the offer, ICA Gruppen owned 68.5 percent of capital and votes.