Transaction: OX2 Sells Stake in Finnish Offshore Wind Farms to Ingka Investments
Stockholm, Sweden - Swedish project developer OX2 has agreed with Ingka Investments, the investment company of IKEA's largest retail group Ingka, to sell a 49 per cent stake in its three offshore wind projects in Finland.
Upon completion of the transaction, the development costs for the projects are to be shared in accordance with their respective ownership structures. The transaction is subject to customary merger control rules and is expected to close within two months.
Source: IWR Online, 16 May 2023