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Trading Emissions Starts Portfolio Sale Process After Approach
2010-11-30 09:53:18.505 GMT
By Mathew Carr
Nov. 30 (Bloomberg) -- Trading Emissions Plc, a developer
of emissions-offset and renewable-energy projects, started a
sales process of its private equity portfolio after an
unsolicited approach, according to a statement.
The London-based company has appointed Liberum Capital Ltd.
to manage the formal process, the statement distributed today by
the Regulatory News Service show.
"I expect this process will lead to a sale," Neil Eckert,
Trading Emissions' chairman, said in a telephone interview.
The company valued its portfolio, which includes clean
energy and carbon services, at 116.4 million pounds ($180
million), or 45.23 pence a share, at June 30, 2010, according to
an Oct. 5 statement. Its shares rose 4.6 percent to 92 pence in
London.
For Related News and Information:
Emission market news: NI ENVMARKET <GO>
Today's top energy stories: ETOP <GO>
European power-markets home page: EPWR <GO>
--Editors: Raj Rajendran, Stephen Cunningham
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net;
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net
