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NOTE 3

Acquisitions

Acquisitions in 2009

In 2009, the Kesko Group's acquisitions mainly comprised real estate companies. The acquisition cost totalled €10.5 million and the cash outflow, additional purchase prices included, totalled €16.4 million.

Acquisitions in 2008

In 2008, the Kesko Group's acquisitions mainly comprised real estate companies. The cost of acquisitions totalled €30.0 million and the cash outflow, additional purchase prices included, totalled €35.0 million.