Monthly Archives: June 2010

Barclays raises carbon trading presence

Barclays on Wednesday stepped up its involvement in the carbon trading business with a £98m ($142m) purchase of Tricorona, a Swedish company that runs carbon offsetting projects in developing markets. The bank offered to pay SKr8 (70p) in cash for each Tricorona share. This represented a 40 per cent premium over the company’s closing share price of SKr5.70 in Stockholm…