Citigroup-Backed Sindicatum Carbon May Hold 2012 Public Offering
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Sindicatum Carbon Capital Ltd., a developer of clean-energy projects that’s partly owned by Citigroup Inc. and Cargill Inc., may complete a $100 million share sale by June and hold an initial public offering in 2012.
The Singapore-based company needs the funds after investing about $240 million in ventures including those that tap methane gas from waste to run turbines, Michael Boardman, the chief financial officer, said in an interview. Sindicatum may go public in 18 months, he said, without giving details.