Business
AXFO: Full acquisition of City Gross targets hypermarket growth and profitability by 2026
AXFO: Full acquisition of City Gross targets hypermarket growth and profitability by 2026
About this update from Axfood Ab
The acquisition of the remaining stake in City Gross for SEK 2.0 billion secures full control in the hypermarket segment, aiming for profitability by 2026 through operational improvements and brand development. Regulatory approval is pending, with management confident of a positive outcome.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.