SWEDEN — Ingka Investments, the investment arm of Ingka Group (the largest IKEA retailer), has agreed to acquire approximately 153,000 hectares of land in Latvia and Estonia, of which 89% are forestland, from Södra, Sweden’s largest forest owners’ association. Completion is subject to approval by the relevant regulatory authorities. “Our unique ownership structure allows us to invest with a long-term perspective rather than short-term quarterly thinking.” …As the world’s largest IKEA retailer, Ingka Group operates in 31 markets and represents 87% of global IKEA sales. …Niks Sauva, Country Manager, Ingka Investments Latvia, continued: “We’re committed to creating more value locally in the Baltics. Our goal is to increase the share of wood processed regionally to strengthen the Baltic forestry value chain.” …Completion is subject to approval by the relevant authorities in Latvia and Estonia.