Goldman Sachs doubles stake in Climate Exchange

On January 19, shares in Climate Exchange stood at 670 pence near the close of trading on the London Stock Exchange’s (LSE's) Alternative Investment Market.

Goldman Sachs took a 10% stake in Climate Exchange in the third quarter last year. A release from Climate Exchange submitted to the LSE said Goldman Sachs had bought an additional 7,853,310 shares – equivalent to 19% of the company's share capital.

Goldman Sachs is a major trader of European Union allowances and is set to be a key player

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