KESKO CORPORATION STOCK EXCHANGE RELEASE 23.04.2007 AT 14.00
Kesko Food Ltd has decided to look into opportunities to sell its HoReCa wholesaling subsidiary, Kespro Ltd, and its sourcing operations. Kesko Food's aim is to concentrate more closely on consumer-customer trade in line with its strategy.
Supporting Kesko Food's customer-driven quality, service and price programme, as well as facilitating market share growth will require a strong focus placed on the development of customer programmes, such as the K-Plussa Supercard announced last week.
Kespro is the leading wholesaler in the Finnish HoReCa business. Its customers include hotels, restaurants, caterers, traffic stations, kiosks, bakeries, manufacturing industry and retail dealers. In 2006, Kespro's net sales were €688 million. Kespro employs 550 people.
Further information
President Terho Kalliokoski, Kesko Food Ltd, tel. +358 1053 22204
President Terho Kalliokoski, Kesko Food Ltd, tel. +358 1053 22204
Kesko Corporation
Paavo Moilanen
Senior Vice President, Corporate Communications
Senior Vice President, Corporate Communications
DISTRIBUTION
Helsinki Stock Exchange
Main news media
Helsinki Stock Exchange
Main news media