Ingka Investments, the investment arm of Ingka Group (IKEA’s largest retailer), has completed the acquisition of forestland from Södra in Latvia and Estonia, following the signing of the agreement announced in October 2025. The transaction is part of Ingka Investments’ strategy to invest in long‑term assets that combine financial resilience with positive impact for the Ingka Group and IKEA business, building a strong foundation for many generations to come. With the acquisition now completed, Ingka Investments will take on the role of long‑term forest owner, with the ambition to manage the forest in a responsible way, while contributing to local economic activity. …Total area included in the acquisition is 135,232 ha in Latvia, and 17,742 ha in Estonia. The purchase price of the asset was EUR 720 million. …With IKEA retail operations in 32 markets, Ingka Group is the largest IKEA retailer and represents 87% of IKEA retail sales.