Cirio legal advisor to Salling Group on the sale of Netto Marknad Sverige to Coop
Cirio acts as legal adviser to Salling Group on the sale of Netto Marknad Sverige to Coop.
On 10 May 2019 it was announced that Coop had entered into an agreement with Salling Group to acquire Netto Marknad Sverige. The transaction includes Netto’s store network in Sweden of 163 grocery stores and around 2,000 employees. The business will continue to be operated under the Netto trademark during a transitional period and successively be integrated and re-branded to Coop.
The purchase is expected to be completed this summer. Completion is, however, subject to the approval of the Swedish competition authority.
Bech-Bruun is advising Salling Group on the sale as lead legal counsel. Cirio has assisted Salling Group on local Swedish matters.
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