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Regulatory press release

K-ryhmä: Kesko has completed the divestment of Onninen AB's HEPAC business segment in Sweden

Kesko
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The transaction comprises Onninen AB's HEPAC business segment, which serves mostly SME contractor clients in Sweden. The segment employs some 80 professionals in Sweden, who will transfer to the buyer.

The net sales of the divested HEPAC business segment in Sweden totalled €70 million in 2018.

On 12 March 2019, Kesko Corporation announced in a press release that it intends to accelerate the turnaround in Sweden by divesting Onninen's HEPAC business segment and fully focusing on Onninen's infrastructure business. The Swedish Competition Authority announced on 8 April 2019 that it approved the transaction. The approval was not subject to any conditions.

Further information:
Jorma Rauhala, President of the building and technical trade division, Deputy to President and CEO of Kesko Corporation, tel. +358 105 322 211, jorma.rauhala@kesko.fi
Media: Jessica Diktonius, Director, Communications, K Group's building and technical trade, +358 40 709 9176, jessica.diktonius@kesko.fi
Analysts: Kia Aejmelaeus, Vice President, Investor Relations, tel. +358 105 322 533, kia.aejmelaeus@kesko.fi

Kesko Corporation

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www.kesko.fi

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