IntercontinentalExchange Buys 4.8% Stake In Climate Exchange
June 23 2009 - 2:08PM
Dow Jones News
IntercontinentalExchange Inc. (ICE) on Tuesday reported that it
had taken a 4.8% stake in Climate Exchange plc (CLE.LN), the
operator of emissions trading platforms in the U.S. and Europe.
In a regulatory filing, Climate Exchange said that Atlanta-based
ICE had acquired 2.3 million shares in the company.
The deal extends the partnership between ICE and Climate
Exchange, which trades contracts based on greenhouse gases via a
platform run by ICE.
Shares in the Chicago-based but London-listed Climate Exchange
rose 16.6% to GBP7.51, while ICE shares were slightly higher in
midday trade at $106.65.
-By Jacob Bunge, Dow Jones Newswires; (312) 750 4117;
jacob.bunge@dowjones.com