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BRIEF-Kesko has sold its grocery trade in Russia to Lenta
November 30, 2016 / 9:10 AM / 10 months ago

BRIEF-Kesko has sold its grocery trade in Russia to Lenta

Nov 30 (Reuters) - Kesko Oyj

* Has sold its grocery trade in Russia to Lenta Ltd

* Aggregate consideration for disposal including sales price adjustment is about 11.4 billion roubles ($175.5 million)

* Says disposal will have a minor impact on its net sales

* Outlook in respect of net sales and comparable operating profit for period Q4 2016 - Q3 2017 remains unchanged

Source text for Eikon:

Further company coverage: ($1 = 64.9577 roubles) (Gdynia Newsroom)

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