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Announced

Completed

Ingka Group completed the acqusition of solar and wind farm of OX2 in Poland for €190m.

Financials

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Transaction Value£161m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Completed

Acquisition

Single Bidder

Majority

Renewable Energy Equipment

wind farm

Poland

Cross Border

Private

Infrastructure

solar farms

Synopsis

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Ingka Group, a holding company based in Leiden, Netherlands, completed the acquisition of solar and wind farms of OX2, a renewable energy company, in Poland, for €190m. “We are delighted to further grow our renewable energy portfolio in Poland. This investment represents another important step for Ingka Investments as it will mean a further reduction of the climate footprint of IKEA Retail including distribution and logistics, and also IKEA value chain partners based around the country. Having recently invested in renewable energy in Spain and Germany, this investment demonstrates our continued commitment to invest in countries where IKEA Retail operates and to increase the share of renewable energy across the IKEA value chain,” Krister Mattsson, Ingka Investments Managing Director.

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