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News Index |
Ludgate Environmental Fund investment
Ludgate Environmental Fund Ltd (LEF) has announced further investment in Dutch environmental trading and broking company, STX Services B.V. (STX). New investment of €600,000 brings LEF's total holding of STX shares to 8,257, which represents 19.2 per cent of the company's share capital.
LEF was launched to enable investors to participate in a diverse portfolio of investment holdings in Environmental and "Cleantech" companies (which optimise the use of natural resources while reducing environmental impact).
STX was created in 2005 as the carbon broking and environmental product division of Wallich & Matthes Holding B.V. It has since spun off as a separate business. Although most active in broking and trading EU Emission Allowances, it has also diversified into transactions in Certified Emission Reduction, Voluntary Emissions Reduction, Bio Fuel Tickets, Green Certificates and Electricity Load-Profile Arbitrage. In addition, STX has developed a consultancy business advising on Carbon Neutral projects.
Nigel Meir (pictured), Director of Ludgate Investments Ltd, LEF's Investment Adviser, said: "The market in environmental products has been growing considerably and globalising over the last two years. Rapid development in these evolving markets is expected in 2008. This further investment will accelerate STX's ability to exploit this growth given their experienced and entrepreneurial management and deep knowledge of products, markets and the regulatory environment."
