MatHem i Sverige AB completed the acquisition of Matse Holding AB from Axfood AB (OM:AXFO).
March 28, 2022
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MatHem i Sverige AB entered into an agreement to acquire Matse Holding AB (publ) from Axfood AB (publ) (OM:AXFO) for approximately SEK 690 million on December 14, 2021. The purchase consideration will be paid in all stock, on a cash and debt-free basis. The consideration is a multiple of 1.5 times the Matse net sales in the last 12 months as of September 30, 2021. The transaction is subject to antitrust and regulatory approvals. As of February 9, 2022 Swedish Competition Authority approved the deal. The deal is expected to be closed in the first quarter of 2022. As of February 9, 2022, the deal is expected to be completed on March 1, 2022.
MatHem i Sverige AB completed the acquisition of Matse Holding AB (publ) from Axfood AB (publ) (OM:AXFO) on March 1, 2022. Axfood has become the second largest owner of Mathem through the divestment of Mat.se in exchange for shares in Mathem.
Axfood AB is a Sweden-based company engaged in the food retail and wholesale trade in Sweden. The Companyâs retail business is conducted through three wholly owned chains: Willys, specializing in discount food retail; Hemkop, which is engaged in the sales of food retail products, and PrisXtra, which is a grocery chain serving the Stockholm market. The Company owns and operates over 200 retail stores. The Companyâs wholesale business is conducted through Dagab, which supplies Axfood Group and the Vi chain, and Axfood Narlivs, a convenience store wholesaler. Axfood has a portfolio of private labels, including Hemkop, Garant, Garant Ekologiska varor, Aware, Saklart, Func and Fixa. Among others, the Company operates via Middagsfrid AB. The Company's major shareholder is Axel Johnson AB.
AXFOOD AB 
