Carbon Structured Transaction

RNS Number : 0986E

Camco International Ltd

15 December 2009

 



15 December 2009

Camco International Limited (the 'Company')

Carbon structured transaction

Camco, a global emissions reduction company, is pleased to announce the completion of another successful carbon commercialisation transaction.  

The transaction involved the sale of the Company's rights comprising in specie tonnes of 2.1mt from a portfolio of projects for cash proceeds of €9.8m (net cash €8.4m).  All cash proceeds are unconditional and upfront.

Yariv Cohen, Camco Chief Carbon Officer, commented: 

"This transaction demonstrates the market demand for Camco's projects and our ability to creatively commercialise our portfolio using structured transactions. This ability allows us to monetise our portfolio at the optimal time when the right opportunities emerge. We will continue with our disciplined approach to commercialising our carbon portfolio and ensure that maximum value is delivered to our clients and shareholders."    

Enquiries:

Camco	[phone]
Scott McGregor, Chief Executive Officer
KBC Peel Hunt Ltd (Nominated Adviser and Broker)	[phone]
Jonathan Marren
David Anderson
Kreab Gavin Anderson	[phone]
Ken Cronin
Michaela Wood
Alex Gowlland

Notes to editors:

About Camco

Camco is a global emissions reduction company. We offer a full range of carbon-related services to public and private organisations worldwide. The Group has a 20-year track record and manages one of the world's largest carbon credit portfolios.

The Group consists of three business segments:

The Carbon credits business unit is a leading project developer with one of the world's largest carbon credit portfolios. We partner with companies to identify, develop and manage projects that reduce greenhouse gas emissions, and then arrange the sale and delivery of carbon credits to international compliance buyers and into the voluntary market.

The Advisory practice combines specialist technical, strategic and financial expertise and experience accrued over two decades to deliver a sustainable low carbon society. We are positioned to work with our clients to turn climate change liabilities into economic, social and environmental assets. 

Camco Investments works with project and technology developers, early stage businesses and investor groups to commercialise climate change mitigation technologies, projects and services. 

 

END

 

 

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