Canica Explained

Canica AS
Type:Private
Foundation:1985
Location:Oslo, Norway
Key People:Peter Arne Ruzicka (CEO)
Stein Erik Hagen (Chairman)
Area Served:Norway
Industry:Investments
Revenue: NOK 2,681 million (2006)
Operating Income:NOK -59 million (2006)
Net Income:NOK 602 million (2006)
Num Employees:18 (2012)
Parent:Stein Erik Hagen (10%)
Caroline Hagen Kjos (30%)
Carl Erik Hagen (30%)
Nina Camilla Hagen (30%)
Homepage:www.canica.no

Canica is a private holding company, based in Oslo, Norway, created to own the RIMI grocery store chain, owned by Stein Erik Hagen (10%) and his three children Caroline Marie Hagen, Carl Erik Hagen and Nina Camilla Hagen (30% each). The company is the largest owner of Orkla (17.4%), Jernia (100%), Komplett (56.21%), Ignis and Steen & Strøm (49.9%). The company was founded in 1985 to own the RIMI grocery store chain that Hagen had started. This was sold to ICA in 2004.