Stockmann sells car sales unit for EUR 70 mln


HELSINKI, Jan 20 (Reuters) - Finnish retailer Stockmann said on Friday it had agreed to sell its car sales operations for 70 million euros ($84.6 million) to several Finnish companies to concentrate on its other businesses. Stockmann said a capital gain from the divestment will boost its first-quarter earnings, while it will use freed-up capital to expand operations in Finland, Russia and the Baltic countries. Stockmann said it sold all shares in subsidiary Stockmann Auto Oy Ab to Veho ...

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