BNP Paribas Asset Management heads for the woods with Danish deal
By Virginia Furness
LONDON, Dec 8 (Reuters) - BNP Paribas Asset Management said on Thursday it had bought a majority stake in a Danish firm specialising in woodland and agricultural investments.
The purchase of the stake in International Woodland Company, which has more than $5.7 billion in assets under management, means BNP Paribas will for the first time offer its clients direct investment in woodland and agricultural land.
Buying agricultural or woodland for financial returns remains niche but is growing, with the likes of BNP Paribas saying it has the potential to offer investors protection from inflation while also helping safeguard the natural environment.