Green firm Camco gets Blood and Gore investment
LONDON, June 4 |
LONDON, June 4 (Reuters) - Generation Investment Management, an investor in green firms chaired by former U.S. Vice President Al Gore, has bought a 9.6 percent stake in UK-listed Camco International Ltd CAMIN.L, Camco said on Wednesday.
The stake is worth around 6.4 million pounds ($12.59 million) at Camco's current price of 40 pence a share.
While Gore, a politician turned environmental activist chairs Generation Investment, David Blood, a former CEO of Goldman Sachs Asset Management, is managing partner of the firm, which was founded four years ago.
Camco identifies and develops greenhouse gas emission reduction projects. It also provides carbon and sustainable development consultancy services, including emissions assessment, carbon management and strategy and policy work, to companies and governments.
Camco's clients include the World Bank, the European Commission, Land Rover, BP and industrial, power and utilities companies throughout China and Russia.
Camco is valued at around 66 million pounds ($129.8 million). (Reporting by Hsu Chuang Khoo, editing by Will Waterman)
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