Group PLC () has picked up a new mandate from a Luxembourg-based pension fund.
The mandate, for Limited, is from a customer of BNPP AM France, the investment arm of the French bank.
Fees payable to IAM will be paid quarterly, as a percentage of the assets under management.
As BNP Paribas is a significant shareholder in Impax, it is regarded as a related-party transaction under AIM rules.
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