Gernandt & Danielsson advises ICA Gruppen AB (publ) and its subsidiaries ICA Fastigheter AB and ICA Fastigheter Sverige AB in connection with an issue of preference shares in ICA Fastigheter Sverige AB.

The issue of preference shares is directed to AMF Pensions­försäkring AB and If Skadeförsäkring AB. The proceeds from the issue, amounting to SEK 3.0 billion, will be used for repayment of parts of the bridge loan that ICA Gruppen was granted in connection with the acquisition of the remaining shares in ICA AB.

Gernandt & Danielsson’s team has primarily consisted of partners Manfred Löfvenhaft, Marcus Johansson and Krister Skoog and associates Gustav Skogö and Johanna Lindholm.