Vinge has advised Coop Butiker & Stormarknader AB in connection with the acquisition of Netto’s Swedish grocery stores.
The transaction includes 163 grocery stores which will eventually be integrated and re-branded to Coop. Coop Butiker & Stormarknader AB operates 240 of Coop’s 650 grocery stores. The grocery stores are mainly located in Stockholm, Mälardalen, Östergötland and in the west of Skåne. The seller is Salling Group, Denmark’s largest consumer company, which, inter alia, operates Netto in Denmark, Germany, Poland and Sweden.
The acquisition is conditional upon customary closing conditions such as the approval of the Swedish Competition Authority.
Vinge’s team primarily consisted of responsible partners Daniel Rosvall and Niclas Winnberg together with, among others, associates Christoffer Nordin, Milad Kamali, Karolina Cohrs, Hampus Olsson, Valter Gran and VDR assistant Jessica Öijer.