Axfood and Mathem are entering into a strategic partnership, with Axfood divesting Mat.se in exchange for shares in Mathem, a strong pure-play online retailer with home delivery. At the same time, Mathem is entering into a long-term delivery partnership with Axfood’s purchasing and logistics company Dagab. The purchase consideration for Mat.se amounts to SEK 688m on a cash and debt-free basis, and payment will take place through newly issued shares in Mathem corresponding to a shareholding of 16.5%. Axfood was represented by KANTER in the transaction.
