Mitsui & Co and Nomura completed the acquisition of a 67% stake in New Forests.

Mitsui & Co, a general trading company, and Nomura, a holding company that manages financial operations for its subsidiaries, completed the acquisition of a 67% stake in New Forests, a provider of investment management and advisory services to institutional investors. Financial terms were not disclosed. “We have been impressed with New Forests’ leadership and track record in sustainable forestry and land use and see New Forests’ approach to climate change being complementary to Nomura’s business. As a large global financial services group, we play a significant role in helping to solve environmental challenges, and we see investment in sustainable land use and forestry as a key part of the solution," Yoshihiro Namura, Nomura Senior Managing Director and Head of Investment Management Division.