Oct. 12 - During the summer, Kesko Food Ltd has been looking into opportunities to dispose of its HoReCa wholesaling subsidiary, Kespro Ltd, and its sourcing operations. Accounts and assessments proved, however, that the price would have remained low considering the sales and profit expectations of Kespro. Therefore Kespro will continue to be developed as an independent subsidiary of Kesko Food.
Kespro is the leading wholesaler in the Finnish HoReCa business. Its customers include hotels, restaurants, catering companies, service station stores, kiosks, bakeries, manufacturing industry and distributors. Kespro's net sales totalled €688 million in 2006. The company has 550 employees.
Previous information on the matter was given in the stock exchange release on 23 April 2007.