Bunge Limited Acquires Climate Change Capital Group
Bunge Limited (NYSE: BG), a global agribusiness and food company, has acquired 100% Climate Change Capital Group Limited, the London, UK-based parent company of Climate Change Capital Limited (CCC), a U.K.-regulated sustainable asset manager and advisor.
CCC manages investments in companies, projects and technologies that provide products or services facilitating climate change mitigation or adaptation. Its asset management group has focused on four asset classes:
- carbon finance,
- private equity,
- property and
- energy infrastructure.
CCC also provides financial, strategic and policy advice to energy-intensive industries, financial institutions, clean technology companies and governments.
The amount of the deal was not disclosed.
Following the transaction, James Cameron, CCC’s Vice Chairman, will replace Vivienne Cox as Chairman. Mark Macleod, CCC’s Chief Financial Officer and acting Chief Executive Officer, will continue as CFO and Director. Alfred Evans will become CEO.