The transaction between Kesko and Yamaha has been completed
(Thomson Reuters ONE) -
KESKO PRESS RELEASE 30.06.2017 AT 10.15 1(1)
Konekesko Ltd, a Kesko Corporation subsidiary, has sold its Yamarin boat
business to Inhan Tehtaat Oy Ab, a subsidiary owned by Yamaha Motor Europe N.V.
At the same time, the transfer of the representation of Yamaha's recreational
machinery in Finland from Konekesko Ltd to Yamaha Motor Europe N.V. was also
completed.
On 19 December 2016, Kesko Corporation announced in a press release that it
would sell its Yamarin boat business and Yamaha representation in Finland. The
Finnish Competition and Consumer Authority (FCCA) announced on 20 April 2017
that it would approve the transaction. There were no conditions imposed on the
completion of the transaction in the decision.
The transaction includes Konekesko Ltd's Yamarin boat business, the import of
Yamaha products and the representations of certain other brands. In 2016, the
aggregate pro forma net sales of the operations being sold amounted to ?61
million. The parties have agreed that the transaction price will not be
disclosed.
Further information:
Investors and analysts: Kia Aejmelaeus, VP Investor Relations, tel.
+358 105 322 533, kia.aejmelaeus(at)kesko.fi
Media: Riikka Toivonen, Head of Financial Communications, tel.
+358 105 323 495, riikka.toivonen(at)kesko.fi
DISTRIBUTION
Main news media
www.kesko.fi
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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
Unternehmensinformation / Kurzprofil:
Datum: 30.06.2017 - 09:15 Uhr
Sprache: Deutsch
News-ID 550640
Anzahl Zeichen: 1941
contact information:
Town:
Kesko
Kategorie:
Business News
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"The transaction between Kesko and Yamaha has been completed"
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Kesko Oyj (Nachricht senden)
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