Business Services Industry
Swedish retail trading group Axfood AB completes acquisition of grocery chain PrisXtra
Nordic Business Report, Jan 29, 2008
NORDIC BUSINESS REPORT-29 January 2008-Swedish retail trading group Axfood AB completes acquisition of grocery chain PrisXtra(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish retail trading group Axfood AB said on Monday (28 January) that it has completed its previously announced acquisition of the family-owned grocery chain PrisXtra.
The transaction was initially announced in December 2007.
PrisXtra operates five retail outlets and an Internet store in the Stockholm area. The company has some 240 employees and an annual turnover of approximately SEK700m.
Axfood said that it will operate and develop further PrisXtra as a separate company within the group.
The financial details of the acquisition were not disclosed.
Axfood, headquartered in Solna, Sweden, operates within the retail and wholesale trade, and has some 220 own stores under the brands Hemkop, Willys and Willys hemma. The company's main shareholder is Axel Johnson AB (46%). Axfood is listed on the OMX Nordic Exchange in Stockholm.
One British pound (GBP) is worth approximately 12.72 Swedish kronor (SEK).
((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express