19 July 2001

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Ahold ICA affair pays off:
Norwegian Rimi-owner cashes in hundreds of millions

The Norwegian entrepreneur Stein Erik Hagen cashes in more than one and a half billion crowns (200 million USD) trough his investment company Canica. The money comes from the sale of ICA AB to Ahold as well as from Hagen's share of Ahold's last year's result. ICA AB is operating the ICA and Rimi retail chains.