A group of retailer associations has increased its combined voting power in Finnish retailer Kesko Oyj to just over 20%, the company disclosed in a regulatory filing on Friday.
The holding of K-ruokakauppiasyhdistys, the K-Retailers' Association, and the Foundation for Vocational Training in the Retail Trade crossed the threshold on Nov. 13, reaching 20.01% of voting rights and 7.72% of shares.
According to the filing, K-ruokakauppiasyhdistys, a food retailers' association, is the ultimate controlling entity of the combined stake.
The move represents a continued consolidation of influence for the retailer-affiliated group, which previously reported crossing the 15% voting-rights threshold in 2017.
The ownership change comes as Kesko, which operates in the grocery, building, and car trade sectors, navigates a challenging construction market that has led it to lower its 2025 profit guidance twice this year.
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