Stockmann is negotiating the divestment of its Nevsky Centre property

STOCKMANN plc, Stock Exchange Release 14.9.2017 at 17:45 EET

As a response to the article published in RBC newspaper and other related news, Stockmann confirms that it is engaged in negotiations with the investment company O1 Group concerning the divestment of its Nevsky Centre shopping centre in St. Petersburg. 

Stockmann emphasises that no decision has been made on the sale of the property, and there is no certainty regarding the completion or details of any possible sale.

Stockmann announced in its Interim Report on 28 October 2016 that the company’s Board of Directors had decided to investigate a possible divestment of the Nevsky Centre property. The investigation process has progressed according to plan.

The company will publish further information, when any decision is made.

Further information:
Nora Malin, Director, Corporate Communications, tel. +358 9 121 3558

www.stockmanngroup.com

STOCKMANN plc

Lauri Veijalainen
CEO

Distribution:
Nasdaq Helsinki
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