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UPDATE 1 - IKEA plans to enter Slovenia with 80 mln euro Ljubljana store

LJUBLJANA (Slovenia), September 26 (SeeNews) - Swedish home furnishings retailer IKEA has signed a memorandum of understanding with the municipality of Ljubljana as the next step in a planned 80 million euro ($101.9 million) investment project for its first store in Slovenia, the municipal authorities said on Friday.

IKEA's plans for the Slovenian market include the opening of a store with a full range of home furnishing products on ​​approximately 30,000 square meters, the municipality said in a statement.

The Swedish company plans to employ 300 at its Ljubljana store.

Earlier in the day, Slovenian insurer Zavarovalnica Triglav [LJE:ZVTG] said its real estate unit Triglav Upravljanje Nepremicnin is in talks to sell to IKEA a land plot located in the BTC mixed-use area in the Slovenian capital.

Elsewhere in Southeast Europe, IKEA is already present in Turkey, Greece, Romania, Bulgaria and Croatia.

($=0.7847 euro)

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