Mitsui: to acquire additional shares of Australian nature-based real estate assets and natural capital manager, New Forests

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Mitsui & Co., Ltd. (“Mitsui”, registered office: Tokyo, President and Chief Executive Officer: Kenichi Hori) announced that it has reached an agreement to acquire additional shares in New Forests Pty Limited (“New Forests”, registered office: Sydney, Australia). Under the new deal, Mitsui will own approximately 49% of New Forests shares compared to its previous stake of 22.98%. Nomura Holdings (“Nomura”, Headquarters: Tokyo, Group Chairman and CEO: Kentaro Okuda) has also entered into the same agreement and will acquire a 41% stake in New Forests.

New Forests is the second largest forest asset management company in the world and the largest in Asia and Oceania, with A$7.8 billion in assets under management on more than 1.1 million hectares of investments. In addition to investing in sustainable plantations and forest landscapes through its funds under management, New Forests also provides certified plantation forest products across Asia and Japan and aims to identify the value of other revenue streams. such as carbon credits. While delivering long-term sustainable returns to institutional investors as an asset manager, New Forests’ vision is to see investing in land use and forestry become central to the transition to a more sustainable future. sustainable. New Forests aims to achieve this by focusing on nature-based solutions, circular bioeconomy and shared prosperity for the communities in which it operates.

Since Mitsui’s initial investment in 2016, New Forests has been Mitsui’s core business in the forest investment business, and Mitsui has been cooperating with New Forests in business development, such as establishing the forest carbon credit fund. By acquiring the additional shares and becoming the largest shareholder, Mitsui will work with New Forests to help realize a net-zero emissions society and a circular bioeconomy. Nomura’s strong Japanese and global distribution market will also help New Forests expand its global footprint. Together, Mitsui and Nomura will support the expansion of New Forests’ business and its assets under management.

The acquisition of the additional shares is subject to regulatory approvals and is expected to be finalized by the end of December 2022.

Profile of new forests

Company Name

New Forests Pty Limited

The head office

Sydney, Australia

Establishment

May 2005

Representing

David Mark

Commercial activities

Nature-Based Real Asset Investment Management

Forests managed by New Forests

New Forests Nursery

Warning

Mitsui & Co.Ltd. published this content on May 20, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on May 20, 2022 03:14:03 UTC.

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