Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Ingka Investments buys 153,000 hectares of Baltic forest for €720M to secure sustainable wood supplies.

flag 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. flag The deal, pending regulatory approval, expands Ingka’s global forest holdings to over 331,000 hectares and supports local wood processing partnerships. flag The company, owned by a charitable foundation, emphasizes sustainable forestry, biodiversity, and regional economic development. flag The purchase comes from Sweden’s Sodra cooperative, which aims to focus on its members’ forests in Sweden.

5 Articles