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 ...

Premium Content (PAID Subscription Required)

"Stockmann sells car sales unit for EUR 70 mln" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×