Kesko Oyj's annual general meeting authorizes the board to issue shares to finance the Dahlin transaction
The authorization covers up to 12,000,000 new B-shares, representing approximately 3.0 percent of the shares, and is valid until June 30, 2027.
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Multinational retail group for grocery, building, and automotive trade
kesko.fiLast updated
In short: K-ryhmä secured Dahl approval, reported September sales growth, and advanced sustainability and store investments.
The authorization covers up to 12,000,000 new B-shares, representing approximately 3.0 percent of the shares, and is valid until June 30, 2027.
In the third quarter, profit growth was strongest in construction. Profit guidance updated and outlook for 2027 opened.
K-Group's daily sales grew in the third quarter with an increasing market share and comparable operating profit improved significantly due to the strong development of technical trade.
Total sales reached €1,198.4 million, driven by growth in grocery, building, and car trade divisions despite a decrease in sports trade.
The European Commission approved the Kesko deal in late September. The company estimated earlier this week that the expected completion date of the deal is Monday, November 2. Artificial intelligence has been used to help speed up...
Kesko plans a share issue in class B shares to raise gross proceeds of approximately EUR 500–700 million.
The retail company Kesko is planning a rights issue of 500–700 million euros, which concerns the company's B-share series. The issue is linked to financing the business acquisition announced in mid-June. Kesko announced in June that it would acquire Dahl's...
Kesko Corporation's shareholders are invited to the company's Extraordinary General Meeting, to be held at K-Kampus in Helsinki, address Työpajankatu 12, on Friday, 30 October...
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