BNP buys minority stake in Impax

BNP Paribas has purchased a 28.3% stake in ethical financial group Impax, taking its total holding fr...

BNP Paribas has purchased a 28.3% stake in ethical financial group Impax, taking its total holding from 1.1% to 29.4%. The latter provides ethical fund management and advisory services to other groups, with a focus on cleaner energy and waste services. The groups first linked up when Impax provided advice for BNP’s Parworld Environmental Opportunities fund in May 2006. Impax has since advised the group on two further funds. Impax CEO Ian Simm said: “Impax is now established as a leading investment manager in the rapidly expanding environmental sector.”