Foundation buys stake in asset manager

The Danish Lundbeck Foundation acquires 25 percent of asset manager Cresco Capital Services, which has climate among its focal areas and invests in energy projects.

Photo: Lundbeckfonden / PR

Denmark's Lundbeck Foundation makes a new investment meant to contribute to forestation and land development in northern Europe. The foundation acquires 25 percent of asset manager Cresco Capital Services, according to a statement Thursday morning CET.

Cresco is based in Denmark but focuses on investments, management and development of forest and countryside areas in not just the Nordic region but the UK and Baltics as well. With this acquisition, its new shareholder secures a seat on the board of directors and also chair position.

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