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Kestra Kiinteistöpalvelut Oy will not participate in future financing of Fennovoima project


March 27, 2014 - London

KESKO CORPORATION STOCK EXCHANGE RELEASE 27.03.2014 AT 15.30 1(1)

Kestra Kiinteistöpalvelut Oy will not participate in future financing of Fennovoima project

Kestra Kiinteistöpalvelut Oy, a subsidiary of Kesko Corporation, will not participate in the future financing of Fennovoima Ltd's Hanhikivi 1 nuclear power project due to the related financial, contractual and schedule uncertainties.

Kestra Kiinteistöpalvelut Oy has given conditional notifications to Voimaosakeyhtiö SF on 7 November 2013 and 21 February 2014 that Kestra Kiinteistöpalvelut Oy could invest in the future financing of the nuclear power project provided that Kestra Kiinteistöpalvelut Oy and Voimaosakeyhtiö SF reach an agreement on the conditions of the participation.

Kestra Kiinteistöpalvelut Oy estimates that the financial, contractual and schedule prerequisites for the project still contain uncertainties, and it estimates that their risks have increased. Therefore, Kestra Kiinteistöpalvelut Oy considers the prerequisites for participating in the financing of the nuclear power plant insufficient.

Kestra Kiinteistöpalvelut Oy currently owns 4.5% of the share capital of Voimaosakeyhtiö SF.

Further information is available from Senior Vice President Arja Talma, tel. +358 10 53 22205 and Vice President Juhani Rontu, tel. +358 10 53 23046.

Kesko Corporation

Merja Haverinen
Vice President, Corporate Communications

DISTRIBUTION
NASDAQ OMX Helsinki
Main news media
www.kesko.fi





This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kesko Oyj via Globenewswire

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GlobeNewswire

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