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Kesko to Raise Up to EUR700 Million via Share Issue
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02:48 AM EDT, 10/08/2026 (MT Newswires) -- Kesko (KESKOA.HE) plans to raise gross proceeds of 500 million euros to 700 million euros by issuing new class B shares. The Finnish retail group will use the proceeds to partially refinance the bridge financing used to purchase technical trade operator Dahl, according to a Thursday release. The share issue will be launched after the completion of all terms and conditions for the acquisition and will be subject to market conditions. Kesko noted that the share issue is subject to authorization at an extraordinary general meeting to be held on Oct. 30.
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