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Oriola-KD Corporation completes its Swedish pharmacy chain acquisition
19.2.2010
Oriola-KD Corporation Stock Exchange Release 19 February 2010 at 12.30 a.m. Kronans Droghandel Retail AB, a company jointly owned by Oriola-KD Corporation (80 per cent ownership) and Kooperativa Förbundet (20 per cent ownership) has completed the acquisition of 100 per cent of the shares of Pharmacy Company Sweden 2 AB, a nation wide pharmacy cluster with 171 pharmacies, net sales of some EUR 430 million and 930 employees. The conditions precedent for closing have been fulfilled and Kronans Droghandel Retail AB has received approval by the Swedish Competition Authority (Konkurrensverket) and been granted pharmacy licences by the Swedish Medical Products Agency (Läkemedelsverket). The final purchase price of the acquisition is EUR 161.0 million (SEK 1.59 billion) in cash. The acquired company will be consolidated into Oriola-KD's financials as of 19 February 2010. Oriola-KD will publish Proforma 2009 figures and provisional details on the net assets and purchase price allocation for the pharmacy cluster acquisition in its January-March 2010 interim report. "Entering the pharmaceutical retail business in Sweden is an important part of Oriola-KD's strategy to expand the operations from pharmaceutical wholesale to retail. After long and careful preparations we are fully prepared to take over the nation wide pharmacy chain and to further develop and expand the operations as a leading pharmacy company in Sweden", said Eero Hautaniemi, President and CEO, Oriola-KD Corporation. Oriola-KD Corporation Eero Hautaniemi President and CEO Kimmo Virtanen Executive Vice President and CFO Further information: Kimmo Virtanen Executive Vice President and CFO tel. +358 (0)10 429 2069 e-mail: kimmo.virtanen@oriola-kd.com Pellervo Hämäläinen Vice President, Communications and IR Tel.+358 (0)10 429 2497 Email: pellervo.hamalainen@oriola-kd.com Distribution: NASDAQ OMX Helsinki Ltd. Principal media Published by: Oriola-KD Corporation Corporate Communications Orionintie 5 FI-02200 Espoo, Finland 02200 Espoo www.oriola-kd.com [HUG#1386473]