Note 3

Acquisitions

Acquisitions in 2008

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

Acquisitions in 2007

In 2007, the Kesko Group acquired companies at insignificant cost. Their acquisition cost totalled €6.0 million and the cash outflow, additional purchase prices included, was €21.9 million.

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