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Ingka Investments buys 153,000 hectares of Baltic forest for €720M to secure sustainable wood supplies.
Ingka Investments, IKEA’s largest franchisee, is acquiring 153,000 hectares of forest land in Latvia and Estonia for €720 million, its largest land purchase to date, to secure sustainable wood supplies.
The deal, pending regulatory approval, expands Ingka’s global forest holdings to over 331,000 hectares and supports local wood processing partnerships.
The company, owned by a charitable foundation, emphasizes sustainable forestry, biodiversity, and regional economic development.
The purchase comes from Sweden’s Sodra cooperative, which aims to focus on its members’ forests in Sweden.
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Ingka Investments compra 153.000 hectáreas de bosque báltico por 720 millones de euros para asegurar el suministro sostenible de madera.