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RAMBERG ADVISES AXFOOD IN CONNECTION WITH AXFOOD’S PUBLIC CASH OFFER TO THE SHAREHOLDERS OF MATSE HOLDING AB (PUBL)

Ramberg Advokater (Sweden) has advised Axfood Aktiebolag (publ) in connection with Axfood’s public cash offer to the shareholders of Matse to acquire all of the shares in Matse. Axfood offers SEK 17.00 in cash for each share of Matse. The total value of the public offer is approximately SEK 554 million.Matse runs a full-assortment online grocery store (mat.se), offering home delivery of high-quality products by refrigerated trucks. Matse also runs the food and recipe websites kokaihop.se and spisa.nu.“The aim of the acquisition of mat.se is to accelerate and develop our digital venture. Apart from the fact that their business complements our organization and our resources, they have a company culture that is a good fit with Axfood”, says Anders Strålman, President and CEO of Axfood.Ramberg Advokater’s team primarily consists of Sandra Brånstad, Lars Widhagen, Malin Tiberg, Thérèse Zinn and Anders Ekborg. ABG Sundal Collier AB is transaction adviser to Axfood.We would like to take the opportunity to reach out to and thank the Law Exchange member firms Levenbach advocaten (the Netherlands), Flynn O’Driscoll (Ireland), Hewitson Moorhead (the UK) and Holst Advokater Advokatpartnerselskab (Denmark) for their valuable assistance on national legislation in this matter.

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