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Ikea boosts forest holdings in Lithuania to 15,000 ha
BC, Vilnius, 19.01.2018.
Print version
Print versionSweden's furniture group Ikea has increased its forest holdings in Lithuania by 50% to 15,000 hectares over the past 12 months, catching up with Euroforest, the largest investor in Lithuanian forests until recently, the business daily Verslo Zinios reported on Friday, cites LETA/BNS.
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The Ikea Group now owns one of
the biggest private forest portfolios in Lithuania, but it accounts for a mere
0.7% of the country's forests, market participants say.
There were a total of 250,000 forest owners with total forest holdings of 883,000 hectares in Lithuania last year. The State Forestry Enterprise is the country's largest forest holder with 1.1 million hectares.
The Constitution does
not allow the state to privatize its forests.
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