The Lithuanian Competition Council has granted permission for IKEA Forestry Investment to acquire 100% of the shares of Dasos LT Investment I and Kurzeme Timberland. This acquisition also includes indirect control over Zemgale Timberland, Dasos LT Investment II, and Euroforest 2.

The merger notification was submitted on January 28, 2026. After a thorough assessment, the Competition Council determined that the merger would not create or strengthen a dominant market position or significantly restrict competition in the relevant markets.

IKEA Forestry Investment, part of the Inter IKEA Group, operates in Lithuania, engaging in the sale of furniture, accessories, and food products, as well as managing real estate and processing wood. Euroforest 2 is involved in selling roundwood and leasing land in Lithuania.

The companies Dasos LT Investment I and II, along with Kurzeme Timberland and Zemgale Timberland, are registered in Luxembourg and Latvia, respectively, and do not conduct any activities within Lithuania.

The merger was required to be notified to the Competition Council due to the combined total revenues exceeding EUR 20 million, with at least two of the involved companies having revenues over EUR 2 million in the previous year.