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The Finnish Competition and Consumer Authority has approved the transaction between Kesko and Yamaha

By GlobeNewswire,  April 20, 2017, 08:30:00 AM EDT


KESKO PRESS RELEASE 20.04.2017 AT 15.30 1(1)

The Finnish Competition and Consumer Authority has approved the transaction between Kesko and Yamaha

The Finnish Competition and Consumer Authority (FCCA) has approved the transaction in which Konekesko Ltd, a Kesko Corporation subsidiary, sells 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. has been approved.

In its decision given on 20 April 2017, the FCCA has approved the transaction in which Kesko sells its Yamarin boat business and representation of Yamaha in Finland. There are no conditions imposed on the completion of the transaction in the decision.

On 19 December 2016, Kesko Corporation announced in a stock exchange release that it would sell its Yamarin boat business and Yamaha representation in Finland. The transaction includes Konekesko Ltd's Yamarin boat business, the import of Yamaha products and the representations of certain other brands.

Kesko's objective is to have the transaction completed no later than the third quarter.

Further information:

Antti Meriläinen, SVP, Kesko's agricultural and machinery trade, antti.jo.merilainen@kesko.fi, tel. +358 105 320 492

Riikka Toivonen, Head of Financial Communications, riikka.toivonen@kesko.fi, tel. +358 105 323 495

DISTRIBUTION

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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



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