Salling Group is selling Netto Sverige and thereby Netto Sverige's entire shop portfolio consisting of 163 shops to Swedish company CBS AB.
Bech-Bruun is advising Salling Group on the sale as lead legal counsel, whereas Cirio is assisting Salling Group on local Swedish matters.
Netto Sverige opened its first Swedish shops in May 2002, and the agreement on transfer of the activities also extends to the 2,000 employees in Netto Sverige.
The purchase is expected to be completed this summer. Completion is, however, subject to the approval of the Swedish competition authorities.
Responsible: Simon Milthers