Japanese corporations take over global forest investor

Japanese corporations take over global forest investor
New Forests, a Sydney-based Australian investment company that invests in natural assets worldwide, including sustainably managed forests, is to be acquired by Japanese trading giant Mitsui & Co., Ltd and Japanese financial group Nomura Holdings, Inc.    The agreement, signed a few days ago, is subject to regulatory approvals and is expected to be completed by December 2022. Accordingly, Mitsui takes over 49% of the company and Nomura 41%. The remaining 10% will continue to be held by New Forests employees. Mitsui has held a 23% stake in New Forests since 2016 and has now increased ...

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