Bunge Completes Acquisition of Climate Change Capital
WHITE PLAINS, N.Y. and LONDON, April 16, 2012 /PRNewswire/ -- Bunge Limited (BG) ("Bunge"), a leading global agribusiness and food company, and Climate Change Capital Limited ("CCC"), a U.K.-regulated sustainable asset manager and advisor, today announced that Bunge has completed its previously announced acquisition of 100% of Climate Change Capital Group Limited ("CCCG"), the parent company of CCC.
James Cameron, CCC's Vice Chairman, will replace Vivienne Cox as Chairman. Mark Macleod, CCC's Chief Financial Officer and acting Chief Executive Officer, will continue as CFO and Director. Alfred Evans will become CEO. Since 2005, Mr. Evans has advised Bunge on its internal emission reduction initiatives, overseen emission reduction services provided by Bunge's Ecoinvest Carbon subsidiary and served as Chief Investment Officer for the Bunge Emissions Group's emissions assets.
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company with approximately 32,000 employees in more than 30 countries. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat and corn to make ingredients used by food companies; and sells fertilizer in North and South America. Founded in 1818, the company is headquartered in White Plains, New York.
About Climate Change Capital Limited
CCC (www.climatechangecapital.com) manages investments in companies, projects and technologies that provide products or services facilitating climate change mitigation or adaptation. Its asset management group focuses on the asset classes: carbon finance, private equity and property. CCC also provides financial, strategic and policy advice to energy-intensive industries, financial institutions, clean technology companies and governments. Climate Change Capital Group Limited (CCCG) is the parent company of Climate Change Capital Limited (CCC).
Cautionary Statement Concerning Forward-Looking Statements
This press release contains both historical and forward-looking statements. All statements, other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are not based on historical facts, but rather reflect our current expectations and projections about our future results, performance, prospects and opportunities. We have tried to identify these forward-looking statements by using words including "may," "will," "should," "could," "expect," "anticipate," "believe," "plan," "intend," "estimate," "continue" and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following important factors, among others, could affect our business and financial performance: industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products used in our business; fluctuations in energy and freight costs and competitive developments in our industries; the effects of weather conditions and the outbreak of crop and animal disease on our business; global and regional agricultural, economic, financial and commodities market, political, social and health conditions; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, dispositions, joint ventures and strategic alliances; our ability to achieve the efficiencies, savings and other benefits anticipated from our cost reduction, margin improvement and other business optimization initiatives; changes in government policies, laws and regulations affecting our business, including agricultural and trade policies, tax regulations and biofuels legislation; and other factors affecting our business generally. The forward-looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.
SOURCE Bunge Limited