The deal requires final approval from the Norwegian Competition Authority, but is expected to go ahead.
Coop in 2013 had a market share in the food business of 22.7 percent and ICA Norway, 11.1 percent. The move will mean Coop will own one-third of Norway's market.
Svein Fanebust, director of Coop Norway said: “Taking over ICA Norway is a big lift for Coop. It is also the best solution for staff, consumers and providers when the situation is such that ICA pulls out of Norway.”
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