Bunge Buys Climate Change Capital After C02 Prices Plunge
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Bunge Ltd., the world’s second-largest oilseed processor, won approval to acquire Climate Change Capital, a London fund manager that manages the world’s largest private-sector carbon fund, after C02 prices slumped to a record.
The deal is expected to close in the coming weeks after being cleared by the U.K.’s Financial Services Authority, the White Plains, New York-based company said today in a statement. Financial terms weren’t disclosed.