Invest Plus completed the acquisition of a factory in Veliky Novgorod of IKEA.

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.