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BRIEF-Kesko sells its properties in Estonia and Latvia
May 24, 2017 / 6:32 AM / 6 months ago

BRIEF-Kesko sells its properties in Estonia and Latvia

May 24 (Reuters) - KESKO OYJ:

* KESKO SOLD ITS PROPERTIES IN ESTONIA AND LATVIA

* HAS SOLD SEVEN STORE SITES USED BY KESKO SENUKAI IN ESTONIA AND LATVIA TO PROPERTY INVESTMENT COMPANY UAB BALTIC RETAIL PROPERTIES

* AT SAME TIME, KESKO HAS ACQUIRED A 10% SHAREHOLDING IN PROPERTY INVESTMENT COMPANY.

* ENTIRE DEAL IS VALUED AT APPROXIMATELY EUR 174 MILLION

* SELLING PRICE OF PROPERTIES OWNED BY KESKO WAS EUR 64 MILLION, GENERATING A PROFIT OF EUR 50 MILLION ON DIVESTMENT Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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