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Barclays sells CO2 credit firm Tricorona

Posted on 25 July 2012

Barclays has sold carbon project developer Tricorona back to the company’s management, the UK-headquartered investment bank said on Tuesday, two years after it bought the Sweden-based firm for $159 million.
“Barclays confirms it has sold its equity interest in Tricorona to management,” a spokeswoman told Reuters Point Carbon via email. Neither party would provide further details including the value, date or reason for the deal, but a well-placed source said Barclays had sold its entire stake, which amounted to 85.7 percent of Tricorona………………………………………..Full Article: Source


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