Ok to Ica’s acquisition of Apotek hjärtat

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The Swedish Competition Authority approves Ica’s acquisition of Apotek Hjärtat.

This means the Nordic grocery giant will also become a leading pharmacy operator.

The Swedish Competition Authority has decided to approve Ica Group’s acquisition of Apotek Hjärtat without restrictions. The acquisition is expected to be completed on 15 January.

Approval of this deal also means that the work of integrating the Ica-owned Cura pharmacies and Apotek Hjärtat can now start. The new company will be reported as a separate segment from the first quarterly report this year.

The intended CEO of the new company is Anders Nyberg, previously CEO of Apotek Hjärtat and a former Ica-manager.