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Belektron, one of the leading independent wholesale traders in the EU ETS, has taken a significant stake in Vertis Environmental Finance.
The aim of the transaction is to support Vertis in expanding the business and improving its services to clients across Europe. James Atkins, chairman of Vertis, said: “As a pioneer in emissions trading, Vertis continues to believe that markets have an important role to play in the transition to a low carbon economy. Teaming up with Belektron allows us to step up our investment in people, systems and products to better serve our industrial and aviation clients. We aim to strengthen our position in the carbon market across Europe.”
Founder and owner of Ljubljana-based Belektron, Bostjan Bandelj, has said: “We consider Vertis as the strongest independent brand in the European carbon market and look forward to working with them to build the business and support their clients.”
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About Vertis Environmental Finance
Established in 1998, Vertis Environmental Finance was one of the first companies in the world to be involved in the carbon markets. Today Vertis serves over 1,000 utilities, industrials and aircraft operators in the EU Emissions Trading System across Europe and internationally, with a multinational team of carbon trading experts, with spot, forward and structured emissions trading transactions and risk management products. Vertis has been a pioneer in the carbon industry with a series of “firsts”, such as the first online EUA auction in 2006, the first spot exchange CER transaction in 2007, the first spot exchange ERU trade in 2009, and in 2012 the first exchange-settled EUAA transaction. Vertis also won the Best Broker award from Thomson Reuters Point Carbon in 2011 and Energy Risk Number 1 Emissions Dealer in 2015. www.vertis.comBack