Authorities in Denmark have approved Kesko’s acquisition of the Danish builders’ merchant CF Petersen & Søn A/S. The authority approval was not subject to any conditions. Kesko estimates that the acquisition will be completed on 30 April 2025.
Kesko has decided to discontinue the purchase of Russian products and the export of food products to Russia as a response to the shocking situation in Ukraine.
Kesko withdrew from the Russian grocery and building and home improvement trade markets in 2016-2018. Since then, Kesko’s purchases from Russia have been very minor.
Kesko and its Lithuanian partner together have a joint venture Kesko Senukai, which operates in the Baltic countries and is a part-owner in a Belarussian building and home improvement trade chain. Kesko’s ownership of the Belarussian chain is some 25%. Selections for these companies are decided locally. As a partial owner, Kesko will strive to impact these decisions to the best of its ability.
Further information:
Ari Akseli, President of Kesko’s grocery trade division, tel. +358 105 323 490, ari.akseli@kesko.fi
Jorma Rauhala, President of Kesko’s building and technical trade division, Deputy CEO, tel.
+358 105 322 211, jorma.rauhala@kesko.fi
Jaana Huttunen, Communications Director, Kesko’s grocery trade, tel. +358 50 687 07, jaana.huttunen@kesko.fi
Jessica Diktonius, Communications Director, Kesko’s building and technical trade, tel. +358 40 709 9176, jessica.diktonius@kesko.fi