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.<\/p>\n
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 its stake.<\/p>\n
Green investments are gaining in importance<\/strong><\/p>\n Mitsui and Nomura plan to provide capital to support New Forests' strategic growth initiatives and the global expansion of its investment platform. To this end, New Forests will leverage Nomura's global distribution network, particularly in Japan and the rest of Asia.<\/p>\n For Mitsui, investing in New Forests is part of the company's sustainability strategy. You invest in companies that are at the forefront of climate protection and benefit from their positive contribution to society<\/p>\n Nomura sees the New Forests business model as a complement to its own financial services business. Green investments are in trend.<\/p>\n Further growth planned<\/strong><\/p>\n New Forests expects to continue growing with the injection of funds from Mitsui and Nomura, accommodating the increasing need to increase investment in sustainable land use and increasing investor interest in sustainable investing.<\/p>\n New Forests currently has US$5.8 billion in assets under management across 1.1 million hectares. Investment properties include sustainable timber plantations and conservation areas, carbon and conservation finance projects, agriculture, timber processing and infrastructure assets. The company operates in Australia, New Zealand, Southeast Asia, Africa and the United States.<\/p>\n This takeover shows that business interest in green investments is growing.<\/p>","protected":false},"excerpt":{"rendered":" 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 … Continue reading