Announced
Completed
Financials
Sources
Tags
Acquisition
Household Furnishings
Private
factory
Friendly
Domestic
Single Bidder
Russian Federation
furniture producer
Majority
Completed
Infrastructure
Synopsis
Invest Plus, a special purpose vehicle, completed the acquisition of a factory in Veliky Novgorod of IKEA, a functional home furnishing products manufacturer. Financial terms were not disclosed. "Our goal is to return the highly popular and quality production of the Novgorod factory to Russia's furniture market as quickly as possible," Vadim Osipov, Invest Plus CEO.
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