Tuesday, December 13, 2005

Kesko Group Weighing Sale Leaseback of 100 Properties in Finland

Kesko Web Site - December 5, 2005

Kesko Group has started negotiations concerning the sale and leaseback of about one hundred properties located in Finland. The properties are currently used by Kesko's division parent companies and their total area is approximately 200,000 m2. The sale is aimed at enhancing the use of the Group's capital. The deal is intended for conclusion during 2006.

With nearly 3,000 stores totalling almost 2.9 million sq meters, Kesko is the leading retailer in Finland and among the largest companies on the Helsinki Stock Exchange. Established in 1940, it operates throughout the Baltic States and Scandinavian countries. The Group’s sales amounted to EUR 7.6bn in 2004. Sphere: Related Content

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