ICA AB is owned by Hakon Invest AB (40 percent) and the Netherlands-based Royal Ahold N.V. (60 percent). Due to shareholder's agreement, neither party has control of ICA AB, and both share equal voting power.
Hakon Invest, which is listed on the Stockholm Stock Exchange O-list, conducts investment operations in retail-oriented companies in the Nordic region. Hakon Invest is 67% owned by ICA-handlarnas Förbund, a non-profit association that is the member organization of the ICA retailers in Sweden. The remaining 33% is owned by private shareholders.

Royal Ahold is a holding company that conducts retail operations, primarily in the US and Europe. Its head office is in the Netherlands and the CEO is John Risthon.