US Bunge to acquire UK-based Climate Change Capital

22 February 2012 13:55  [Source: ICIS news]

HOUSTON (ICIS)--Bunge has agreed to acquire UK-based Climate Change Capital Group for an undisclosed sum to further expand its activities in carbon credit markets, the US agribusiness and food company said on Wednesday.

Climate Change Capital Group is an advisory and asset management business focused on climate change. It advises energy-intensive industries, financial institutions, clean technology companies and governments.

Daniel Rudolph, managing director of Bunge Financial Services Group, said that the acquisition would build on Bunge’s position as a buyer of carbon credits and as an advisor to other market participants.

“The transaction builds on this long-term presence, combining two established players in sustainability markets and advisory services to create an organisation with deep expertise and global reach,” Rudolph said.

“We also see strategic and operational synergies resulting from the combined business, including an enhanced ability to expand service offerings,” he added.

The deal, which has already been approved by the UK’s Financial Services Authority, is expected to close in coming weeks, Bunge said.

Check out Doris de Guzman’s Green Chemicals Blog for views on sustainability issues

By: Stefan Baumgarten
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