Tuesday, February 17, 2009

Al Gore: Score! Generation Investment Management ups Stake in Camco International (CAMIN.L; CAO.L)

Via Hemscott:
RNS Number : 4083N
Camco International Ltd
17 February 2009
Camco International Limited (the Company)
Holding(s) in Company

The Company received notification on 16 February 2009 from Generation Investment Management LLP that Generation IM Climate Solutions Fund, L.P. (the "Shareholder") increased their shareholding and now holds 23,250,000 ordinary shares of
€0.01 each in the Company, representing approximately 13.74% of the Company's issued ordinary share capital.

From Reuters:

Camco sees 2008 pretax in line, says makes strong start in 2009

UK-based carbon offset firm Camco International Ltd (CAMIN.L) said on Monday it expected a pretax 2008 profit and the business had performed in line with management's expectations.

Camco said operationally it made a strong start in 2009, having been notified of the registration of an additional 4.2 million tonnes (project design document volumes), which occurred late in 2008, plus a further 3.2 million tonnes (project design document volumes) of registrations since Dec. 31, 2008.

The company also said its consulting business in China won a "substantial" contract and would undertake a UK-government project to assess post-2012 greenhouse gas mitigation options and identify the medium-term carbon reduction potential in China's iron and steel industry....MORE