Trading Emissions to buy Econergy for 27 mln stg

Thu May 15, 2008 12:15pm BST
 
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LONDON, May 15 (Reuters) - Trading Emissions Plc (TREM.L: Quote, Profile, Research) said on Thursday it was to buy Econergy International Plc (ECG.L: Quote, Profile, Research) for an agreed 27 million pounds ($52.5 million) in shares, to develop clean energy projects in Latin America. Trading Emissions said in a statement it would pay 0.233 new Trading Emissions share for each Econergy share. (Reporting by Dan Lalor, Editing by Chris Wills)

 
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