February 22/London/Reuters -- Bunge will buy U.K.-based investor Climate Change Capital (CCC) for an undisclosed price after the transaction was approved by the U.K.'s financial regulator.
The sale comes at a time when the balance sheet of CCC, a once high profile investor in carbon offsets, has been damaged by a plunge in the benchmark U.N.-backed carbon price to a record low below 4 euros ($5.31) a ton late last year.