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IKEA buys 80% stake in Romanian wind farms from Vestas

The logo of the Swedish furniture giant IKEA is seen in Mexico City
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STOCKHOLM (Reuters) - Ingka Group, which owns most IKEA stores, said on Friday it would buy an 80% stake in seven Romanian wind farms from wind turbine maker Vestas for 136 million euros (122 million pounds).Ingka Group said the acquisition, made through its investment arm, consisted of 64 turbines capable of producing a total of 171 megawatts of power, and followed the purchase of a stake in..
Date Published: Sep 13, 2019
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