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BNP Paribus takes chunk of Impax

Environmental markets investment company Impax Group ( [url=http://www.proactiveinvestors.co.uk/chart.asp?IPX new=true]AIM: IPX[/url] ) rose 11% after announcing that BNP Paribas had acquired 31 million shares at 35 pence per share. BNP Paribas acquired the stock from existing shareholders, and now has a 28.31% stake in the AIM listed company.

Impax recently signed an agreement which will see BNP Paribas Investment Partners distribute its products in parts of Europe and Asia.

Ian Simm, CEO, commented:

"Impax is now established as a leading investment manager in the rapidly expanding environmental sector. We are delighted to be able to extend our relationship with BNP Paribas Investment Partners, and I believe that both parties are set to benefit significantly from closer co-operation."



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Environmental markets investment company Impax Group rose 11% after announcing that BNP Paribas had acquired 31 million shares at 35 pence per share. BNP Paribas acquired the stock from existing shareholders, and now has a 28.31% stake in the AIM listed company.

Impax recently signed an agreement which will see BNP Paribas Investment Partners distribute its products in parts of Europe and Asia.

Ian Simm, CEO, commented:

"Impax is now established as a leading investment manager in the rapidly expanding environmental sector. We are delighted to be able to extend our relationship with BNP Paribas Investment Partners, and I believe that both parties are set to benefit significantly from closer co-operation."



Quick facts: Impax Asset Management

Price: 540 GBX

AIM:IPX
Market: AIM
Market Cap: £704.24 m
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