Barclays Buys Carbon Trader Tricorona For $145 Mln

By Simon Kennedy
MarketWatch Pulse LONDON -- U.K. bank Barclays said Wednesday that it has agreed to buy carbon trading firm Tricorona for 1.13 billion Swedish kronor ($145 million), or 8 kronor per share. The offer represents a 40% premium to the closing price on Tuesday. Barclays said the acquisition of Tricorona, which specializes in the sourcing, development and trading of certified emission reductions, would position the bank as a leading global origination and trading house. The U.K. group added that the deal is expected to boost earnings within one year from completion and to have no material impact on its capital ratio.


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