| European Environmental Markets plc (“EEM”), the environmental commodities exchange operator, has today signed an agreement outlining the terms of the strategic acquisition of Carbon Trade Exchange Ltd (“CTX EU”), the European operations of the Carbon Trade Exchange Group (“CTX Group”), which operates the only global electronic exchange platform in the voluntary carbon markets.
The transaction, which will includes CTX EU’s European clients and European exchange businesses for both Voluntary and Regulated carbon emissions trading, will assist EEM in its goal of becoming the largest and most comprehensive environmental commodity exchange in Europe. The acquisition is earnings enhancing and allows EEM to implement its strategy with immediate effect by delivering services to CTX EU’s European client base...............................................Full Article: Source |