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BN 01/11 07:11 *TRADING EMISSIONS IN PROCESS OF ENGAGING WITH PARTIES :TRE LN
BN 01/11 07:11 *TRADING EMISSIONS RECEIVED SEVERAL EXPRESSIONS OF INTEREST
BN 01/11 07:11 *TRADING EMISSIONS WOULD CONSIDER OFFER FOR ENTIRE BUSINESS
BN 01/11 07:10 *TRADING EMISSIONS GOT EXPRESSIONS OF INT. IN CARBON PORTFOLIO
BN 01/11 07:10 *TRADING EMISSIONS TRE REALISATION UPDATE :TRE LN
RNS 01/11 07:00 Trading Emissions TRE Realisation Update
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Trading Emissions Is Approached by Potential Bidders for Assets
2011-01-11 14:44:18.698 GMT
By Todd White and Louise Downing
Jan. 11 (Bloomberg) -- Trading Emissions Plc, an investment
company focused on clean energy and emissions credits, said it
received several "expressions of interest" in its private
equity investments
The company's adviser, Liberum Capital, is contacting
potential bidders, Trading Emissions said today in a statement.
The London-based company also said it received interest in its
carbon investments and would consider an offer for the entire
business.
"Trading Emissions seeks to either sell the company in its
entirety or sell the assets or carbon business separately,
depending on what is best for shareholders," Simon Shaw, adviser
to the company, said today by e-mail. The target date is the end
of 2012, "and this may be accelerated," he said.
At the end of June 2010, the carbon unit was valued at
150.4 million pounds ($233.5 million), Shaw said. About 150
million pounds has been invested in private equity. He declined
to disclose the value of a potential sale or what type of buyer
the company is talking to.
Trading Emissions's largest private equity holding is its
40 million pound investment in Bionasa Combustivel Natural SA, a
Brazilian bio-diesel company, Shaw said. The second-biggest is
in TEP Solar Holdings, which received about 30 million pounds.
The next-largest investments are in biogas and biofuels in
Thailand and Africa, he said.
At the end of May 2010, Trading Emissions private equity
holdings comprised 14 investments spanning wind, solar,
biofuels, biomass and hydro companies. This includes a 19
million-pound investment in Asia Biogas Company Ltd., which now
has 39 renewable energy projects operating in the region
Trading Emissions bought Deutsche Bank's interest last year
in a 320-megawatt wind farm to be built near the north coast of
Poland. It will be one of the largest wind projects in Poland
when it starts operating, Trading Emissions said in its results
for the year ended June 30, 2010.
Link to Statement:{NSN LEUJGC3HBS3R <GO>}
Link to Company News:{TRE LN <Equity> CN <GO>}
For Related News and Information:
Top Environment Stories: GREEN<GO>
Editors: Mike Anderson, Rob Verdonck.
To contact the editor responsible for this story:
Todd White at +34-91-700-9604 or
twhite2@bloomberg.net or
Louise Downing in London at +44-20-3216-4633 or
Ldowning4@bloomberg.net
