Three Jailed for Insider Trading Crimes Linked to Swedish Grocer Deal
An ICA Gruppen supermarket in Sweden.
Photographer: Mikael Sjoberg/BloombergThis article is for subscribers only.
The $10.2 billion takeover of Sweden’s biggest grocery chain has resulted in three people being sentenced to prison for insider trading.
The crimes are connected to one of the largest consumer buyouts of 2021 when ICA Gruppen AB was taken private by a majority owner that comprises an association of 1,500 retailers. The company’s shares surged to a record high when the deal was first made public in November of that year.