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    BNP   FR0000131104

BNP PARIBAS

(BNP)
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Real-time Euronext Paris  -  11:35:28 2023-01-26 am EST
61.73 EUR   +1.21%
01/26BNP Paribas Unit to Redeem South African Index-linked Notes Due February
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01/26European Midday Briefing: Mood Brighter on Economic Outlook, U.S. GDP Up Next
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BNP Paribas Asset Management heads for the woods with Danish deal

12/08/2022 | 08:47am EST
FILE PHOTO: The BNP Paribas logo is seen at a branch in Paris

LONDON (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.

Climate conscious investors have channelled billions of dollars into clean energy but investment flows into protecting and better managing the world's ecosystems remain minute by comparison.

The U.N. says investors need to provide $384 billion per year by 2025 to guard against threats of climate change and loss of natural resources. A U.N. summit to halt nature loss begins this week in Montreal.

Asset managers have started to launch biodiversity and nature-focused funds but their size is tiny.

"Private finance clearly has a role to play in addressing the challenges of increasing and protecting natural capital, as well as appealing to institutional investors looking to diversify into uncorrelated assets that can offer an inflation hedge and enhanced risk-adjusted returns," BNP Paribas Asset Management said in a statement.

It did not disclose the terms of the deal.

(Reporting by Virginia Furness; Editing by Tommy Reggiori Wilkes and David Evans)

By Virginia Furness


© Reuters 2022
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Analyst Recommendations on BNP PARIBAS
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Financials
Sales 2022 50 156 M 54 429 M 54 429 M
Net income 2022 10 666 M 11 575 M 11 575 M
Net Debt 2022 - - -
P/E ratio 2022 7,36x
Yield 2022 6,48%
Capitalization 76 871 M 83 419 M 83 419 M
Capi. / Sales 2022 1,53x
Capi. / Sales 2023 1,58x
Nbr of Employees 190 000
Free-Float 86,9%
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Mean consensus BUY
Number of Analysts 20
Last Close Price 61,73 €
Average target price 69,64 €
Spread / Average Target 12,8%
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Managers and Directors
Jean-Laurent Bonnafé Co-Chief Operating Officer & Director
Lars Machenil Chief Financial Officer
Jean Lemierre Chairman
Bernard Gavgani Chief Information Officer
Yann Gérardin Chief Operating Officer
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