Bunge to acquire Climate Change Capital Group
Feb. 22, 2012
WHITE PLAINS, N.Y. — Bunge Ltd. has agreed to acquire Climate Change Capital Group, Ltd. Based in London, Climate Change Capital Group manages investments in companies, projects and technologies that provide products or services facilitating climate change mitigation or adaptation.
“Bunge’s Financial Services Group has been active in carbon markets since their inception, both as a buyer of carbon credits and an adviser to other market participants,” said Daniel Rudoloph, managing director of Bunge Financial Services Group. “The transaction builds on this long-term presence, combining two established players in sustainability markets and advisory services to create an organization with deep expertise and global reach. We also see strategic and operational synergies resulting from the combined businesses, including an enhanced ability to expand service offerings.”
The U.K.’s Financial Services Authority has approved the transaction, and Climate Change Capital has obtained shareholder approval. Closing is expected to come within weeks, and financial terms of the transaction will not be disclosed.