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Note 40

Subsidiary disposals

2008

• Kesko Corporation sold K-Rahoitus Oy and the transaction was completed on 31 January 2008.
• Kesko Corporation sold Tähti Optikko Group Oy and the transaction was completed on 31 March 2008.
• Kesko Corporation sold Kauko-Telko Ltd and the transaction was completed on 30 April 2008.
• The Kesko Group, the Kesko Pension Fund and Valluga-sijoitus Oy sold 23 of their retail store properties in different parts of Finland to Aberdeen Property Fund Finland 1 Ky on 30 September 2008.
• The subsidiary disposals contributed an aggregate amount of €121.3 million to the cash flow.

2007

• Kauko-Telko Ltd sold its ownership interests in Glastech Oy, Glastech Eesti AS and UAB Glastech on 20 February 2007.