Bunge, a leading global agribusiness and food company, has announced that it will acquire Climate Change Capital Group (CCCG), a UK-based sustainable asset manager and advisor.
The transaction was approved by the UK’s Financial Service Authority (FSA) on February 20 following approval from CCCG’s shareholders to proceed.
Daniel Rudolph, Managing Director, Bunge Financial Services Group, said, "Bunge's Financial Services Group has been active in carbon markets since their inception, both as a buyer of carbon credits and an advisor to other market participants. The transaction builds on this long-term presence, combining two established players in sustainability markets and advisory services to create an organization with deep expertise and global reach. We also see strategic and operational synergies resulting from the combined business, including an enhanced ability to expand service offerings."
James Cameron, Vice Chairman, CCC, said, "Bunge's Financial Services Group is well-placed to support the best interests of existing investors and provide a stable platform to develop new investment opportunities. As the world's population grows, putting pressure on scarce resources, there is a tremendous opportunity for companies like CCC and Bunge to work to transform the way societies cultivate, manufacture, distribute, consume and develop."
