Gazprombank buys IKEA stores owner’s in Russia

Gazprombank Group has agreed to buy IKEA owner Ingka Group's 14 MEGA shopping centres in Russia for an undisclosed price. Gazprombank said it had bought the 2.3 million square metres of retail space and was committed to developing the assets. "We are ready to assume additional obligations and intend to develop the MEGA shopping centre chain," Tigran Khachaturov, in charge of Gazprombank's industrial assets, said in a statement. Ingka Centres, which has been present in Russia for more than 20 years, said in a statement the deal was expected to close within a few ...

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