The divestment will improve Kesko’s profitability and will make Kesko a more focused company. As a result of the transaction, Kesko has also updated its future outlook. The share price of Kesko increased markedly after the transaction was announced.
The transaction includes all assets and liabilities in Anttila Oy. Anttila operates 23 Anttila department stores, eight Kodin1 department stores, the online stores NetAnttila.com and Kodin1.com in Finland, subsidiaries in Estonia and Latvia, as well as the company’s central functions in Finland. Anttila Oy’s approximately 1,500 employees will continue in the employment of the company.
Read more at the Kesko home page.