Arbitration against Kestra Kiinteistöpalvelut Oy relating to future financing of Fennovoima project

KESKO CORPORATION STOCK EXCHANGE RELEASE 17.12.2015 AT 09.00 1(1) Arbitration against Kestra Kiinteistöpalvelut Oy relating to future financing of Fennovoima project Voimaosakeyhtiö SF has commenced arbitration proceedings in which Voimaosakeyhtiö SF demands that the court of arbitration confirm that Kesko Corporation's group company Kestra Kiinteistöpalvelut Oy is committed to the future financing of Fennovoima Ltd's Hanhikivi nuclear power project...

KESKO CORPORATION STOCK EXCHANGE RELEASE 17.12.2015 AT 09.00 1(1)

 

Arbitration against Kestra Kiinteistöpalvelut Oy relating to future financing of Fennovoima project

 

Voimaosakeyhtiö SF has commenced arbitration proceedings in which Voimaosakeyhtiö SF demands that the court of arbitration confirm that Kesko Corporation's group company Kestra Kiinteistöpalvelut Oy is committed to the future financing of Fennovoima Ltd's Hanhikivi nuclear power project.

 

Kesko Corporation has announced in a stock exchange release on 27 March 2014 that Kestra Kiinteistöpalvelut Oy would not participate in the future financing of the Fennovoima project due to the related financial, contractual and schedule uncertainties. Kestra Kiinteistöpalvelut Oy considers Voimaosakeyhtiö SF's claims to be unfounded.

 

Further information is available from Communications Manager Harri Utoslahti, tel. +358 105 322 616.

 

 

Kesko Corporation

 

 

 

Merja Haverinen
Vice President, Group Communications

 

 

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