Bogdan Tudorache

The competition authorized the transaction by which IRI Investments, a company owned by the group of which Ikea is also part, took over the wind projects of Vestas. On September 13, the Swedish group Ingka, which owns most of the Ikea stores, announced that it has acquired from Vestas an 80% stake in seven wind farms in Romania, for 136 million euro (151 million dollars), according to Reuters.

The Ingka Group operates in Romania two business directions: the sale of furniture, lighting and household items and investments in the forestry sector. Vestas Group mainly operates in the wind energy industry, being one of the most important producers of wind turbines and related services, globally.