Gazprombank buys IKEA stores owner Ingka's Russian shopping centres

Gazprombank Group on Thursday said it had bought IKEA owner Ingka Group's 14 MEGA shopping centres in Russia.

Gazprombank said in a statement it had purchased the 2.3 million square metres of retail space, committing to developing strategically important assets in Russia. It did not disclose the price.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)