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Kesko Oyj: Centralisation of Kesko's Baltic building and home improvement trade in Senukai was completed


Centralisation of Kesko's Baltic building and home improvement trade in
Senukai was completed

Kesko has implemented the arrangement agreed in the autumn of 2015 to
centralise its Baltic building and home improvement trade in UAB Senuku
Prekybos centras (Senukai). The company's name will be changed to Kesko

In the arrangement, Kesko sold the shares in its wholly owned companies
responsible for the operations of K-rauta stores in Estonia and Latvia to its
subsidiary Senukai, which is majority-owned by Kesko.

Kesko's Group company Senukai (in the future: Kesko Senukai), the other
co-owner of which is the Rakauskas family, is with its subsidiaries a clear
market leader in the Baltic and Belarusian building and home improvement
market with 49 own stores, 59 franchising stores and sales of €583 million.

"According to the joint view of Kesko and the Rakauskas family, the ownership
arrangement enables the Baltic and Belarusian business operations to be
managed as a whole and provides better opportunities to accelerate profitable
growth," says Kesko's Executive Vice PresidentTerho Kalliokoski

The arrangement is not expected to have a material impact on Kesko's sales,
performance or financial position in 2016. The arrangement will have no
immediate impacts on employees or the operation of stores.

Kesko has previously reported about the arrangement in a stock exchange
release on 4 November 2015.

Further information
is available from Kesko's Executive Vice President Terho Kalliokoski, tel.
+358 105 320 200, and Chief Financial Officer Jukka Erlund, tel. +358 105 320

Kesko Corporation

Merja Haverinen
Vice President, Group Communications

Nasdaq Helsinki Ltd
Main news media


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kesko Oyj via Globenewswire


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