Ingka Investments, the investment arm of Ingka Group (the world’s largest IKEA retailer), has agreed to acquire approximately 153,000 hectares of land, mainly forestland, from Södra, Sweden’s largest forest owners’ association.
Ingka Group operates in 31 markets and represents 87% of global IKEA sales. Unlike typical corporations, the Group is owned by a foundation with a charitable purpose, meaning profits are reinvested into the business, enabling self-funded, long-term investments.
The transaction includes Södra’s entire current holding in Latvia and Estonia and is valued at EUR 720 million, equivalent to approximately SEK 8 billion. Completion is subject to approval by the relevant authorities in Latvia and Estonia.
Vinge's team consisted mainly of Sofie Nordgren, Tilda Hall, Jerker Kjellander and Victor Ericsson.
