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Kesko unit completes acquisition of Fresks Group

Kesko Oyj announced May 17 that its business unit, K-rauta AB, completed the purchase of home improvement retailer Fresks Försäljning AB.

The deal was approved by the Swedish competition authorities May 3.

Kesko bought Fresks Group, which operates 33 stores and employs about 500 people, for about €200 million.