ICA, the Scandinavian retail unit 60% owned by Ahold of the Netherlands, is to reduce its interest in the Swedish Netto Marknad chain to 5% from 50%. ICA said on Thursday it had reached an agreement with joint venture partner Dansk Supermarked about the move.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
