Title: Mitsui and Nomura enter agreement to acquire New Forests

Language: English

Type: Blog/Article

Nature: Website

Published: May 1, 2022


Region: East Asia and Pacific

Country: Japan

Topic: Emission Reduction Program

Keywords: Emission Reduction Program

Document Link(s):


Document Summary:

New Forests, a global investment manager of nature-based real assets and natural capital strategies, today announced Mitsui & Co., Ltd (Mitsui) and Nomura Holdings, Inc (Nomura), have entered into an agreement to purchase a 100% shareholding of New Forests.


Document Details:

The agreement, which is subject to regulatory approval and expected to be completed by December 2022, will see Mitsui become a 49% shareholder and Nomura a 41% shareholder, with the remaining 10% shareholding retained by New Forests’ staff. Mitsui has been a shareholder in New Forests since 2016 and will increase its shareholding from approximately 23% to 49%.

Mitsui and Nomura will provide capital to support New Forests’ strategic growth initiatives and the global expansion of its investment platform. In addition, New Forests will leverage Nomura’s global distribution network particularly across Japan and more broadly in Asia.


Updated: January 11, 2024

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    Watch this space.  Unlocking Global Emission Reduction Credit is intended to be a living document and will be reviewed at regular intervals. Check the page below or download the following reports: Strategic Guidance for Country System Assessments and Guidance for Countries in Assessing ERC Projectsor the Mobilizing ERC Finance. Let us know what you think by taking a Quick Survey.


     

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