The stock is trading at 97p, down 3.
From Reuters:
Trading Emissions says could consider selling itself
* Gets further expressions of interest for PE portfolio
* Says bidders also interested in carbon portfolio
* Shares up nearly 2 pct
Jan 11 (Reuters) - British clean-energy projects developer Trading Emissions Plc (TREM.L: Quote) said it could consider selling itself, instead of a piecemeal sale of its businesses, to realise more value.
The company, which received an unsolicited bid for its private-equity portfolio in November, said on Tuesday it had got further expressions of interest for that business as well as for its carbon portfolio.
Trading Emissions, which invests in U.N.-backed carbon credits and holds equity stakes in renewable energy projects, had previously said it wanted to sell assets in its private-equity portfolio in the short and medium term.
Trading Emissions, whose net asset value as at June 30, 2010, was 137.69 pence a share, said its adviser, Liberum Capital, was speaking with interested bidders for the PE portfolio....MORE
From IBTimes:
Environmental assets investor Trading Emissions plc said it had received several expressions of interest following the November announcement of its intention to sell a portfolio of private equity investments.
The company had also received expressions of interest in its carbon portfolio.
It said the board would consider an offer for the entire business if such an offer would realise more value for shareholders than a piecemeal realisation.
Accordingly the company has entered an offer period under the City code but it said there was no certainty that any offer would be made....
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