IKEA parent company to offload all Russian property – media ...News

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The move would see the retail giant completely withdraw from the country Swedish company Ingka Group, the owner of IKEA stores and Mega shopping malls in Russia, plans to sell all its real estate in the country, RBK reported on Friday, citing sources in the retail market. According to the news outlet, the company has begun its search for a buyer for its entire real estate portfolio, which equates to more than 2.3 million square meters of property. That includes 14 Mega malls, 17 IKEA stores, and several plots of land on which construction was planned but has not yet begun. Sources said the company is already in ta

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