ICA Gruppen

ICA Gruppen AB (publ)
Company typeUnlisted public Aktiebolag
GenreRetailing, banking
Founded1938 (1938)
Headquarters,
Area served
Sweden, Latvia, Lithuania and Estonia
Key people
Nina Jönsson (CEO)[1]
RevenueSEK 157 billion
€13.7 billion (2024)[2]
Number of employees
24,000[2]
SubsidiariesICA Sverige AB
Rimi Baltic
ICA Banken
Apotek Hjärtat AB
ICA Fastigheter AB
Websitewww.icagruppen.se/en/

ICA Gruppen AB (Swedish pronunciation: [ˈîːka]; "ICA Group"; from Inköpscentralernas aktiebolag, lit.'the Purchasing Centres' Corporation') is a Swedish retailer franchise with a focus on food and health. The group also owns a bank, real estate division and a pharmacy chain.

The company was started in 1938, based on a business model which was introduced by Hakonbolagen in 1917.[3] Most of its operations are based in Sweden and the Baltic countries.[2]

The company was owned by the participating retailers until 2000 when half of the company was sold to the Dutch retailer Ahold. It acquired a further 10% in 2004. Ahold is prevented by contractual obligation from exercising majority control over ICA. In February 2013, Ahold sold its shares to Hakon Invest for $3.1bn.[4] In May 2013, the company changed name from Hakon Invest AB to ICA Gruppen AB.[3][5]

In November 2021, ICA-handlarnas Förbund together with AMF Pensionsförsäkring AB announced a public offer to acquire all shares of ICA Gruppen.[6] In December 2021, they held more than 90 % of all shares and the company was delisted from the Nasdaq Stockholm stock exchange on 13 January 2022.[7][8]

  1. ^ "Organization and management". icagruppen.se. Retrieved 26 February 2025.
  2. ^ a b c "ICA Gruppen in brief". icagruppen.se. Retrieved 26 February 2025.
  3. ^ a b "ICA Gruppen's history". icagruppen.se. Retrieved 26 February 2025.
  4. ^ "Ahold sells Swedish grocer stake to Hakon for $3.1 billion". reuters.com. 11 February 2013. Retrieved 26 February 2025.
  5. ^ "ICA Gruppen AB". skatteverket.se (in Swedish). Retrieved 26 February 2025.
  6. ^ "Statement by the Board of Directors of ICA Gruppen in relation to the public offer by ICA-handlarnas Förbund and AMF". icagruppen.se. 10 November 2021. Retrieved 26 February 2025.
  7. ^ "ICA Gruppen applies for delisting and will convene an extraordinary general meeting". icagruppen.se. 23 December 2021. Retrieved 26 February 2025.
  8. ^ "ICA Gruppen will be delisted and the last day of trading is 13 January 2022". nasdaq.com. 28 December 2021. Retrieved 26 February 2025.

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