Ingka Group, the powerhouse behind IKEA’s global retail network, has officially completed its full acquisition of Ikano Bank AB (publ). The landmark deal follows critical approvals from major regulatory authorities, including the Swedish Financial Supervisory Authority (Finansinspektionen) and the European Commission. This strategic move solidifies Ingka Group’s control over Ikano Bank, setting the stage for […]
Nordex Group has bagged a contract to supply wind turbines to the 63MW Wysoka wind farm in Poland from OX2, a Swedish wind farm developer. Under the terms of the contract, the German wind turbine manufacturer will supply 11 N149/5.X turbines for the Polish wind project. Nordex Group will also be responsible for servicing the […]
Ingka Group, the owner of IKEA stores, is foraying into consumer banking, by acquiring a stake of 49% in Sweden-based Ikano Bank from Ikano for an undisclosed price. As per the terms, Ingka Group will have the option to buy the remaining stake at a later date. Ingka Group is carrying out the deal through […]
