| Sourced From Nasdaq.com |
CHICAGO -(Dow Jones)- IntercontinentalExchange Inc. (ICE) on Tuesday reported that it had taken a 4.8% stake in Climate Exchange plc (CLE.LN), the operator of emissions trading platforms in the U.S. and Europe.
In a regulatory filing, Climate Exchange said that Atlanta-based ICE had acquired 2.3 million shares in the company.
The deal extends the partnership between ICE and Climate Exchange, which trades contracts based on greenhouse gases via a platform run by ICE.
Shares in the Chicago-based but London-listed Climate Exchange rose 16.6% to GBP7.51, while ICE shares were slightly higher in midday trade at $106.65.
-By Jacob Bunge, Dow Jones Newswires; (312) 750 4117; [email protected]