January 11, 2011 / 8:27 AM / in 8 years

UPDATE 1-Trading Emissions says could consider selling itself

* Gets further expressions of interest for PE portfolio

* Says bidders also interested in carbon portfolio

* Shares up nearly 2 pct

Jan 11 (Reuters) - British clean-energy projects developer Trading Emissions Plc TREM.L said it could consider selling itself, instead of a piecemeal sale of its businesses, to realise more value.

The company, which received an unsolicited bid for its private-equity portfolio in November, said on Tuesday it had got further expressions of interest for that business as well as for its carbon portfolio.

Trading Emissions, which invests in U.N.-backed carbon credits and holds equity stakes in renewable energy projects, had previously said it wanted to sell assets in its private-equity portfolio in the short and medium term.

Trading Emissions, whose net asset value as at June 30, 2010, was 137.69 pence a share, said its adviser, Liberum Capital, was speaking with interested bidders for the PE portfolio.

The company’s shares were up about 2 percent at 96.5 pence at 0825 GMT on Tuesday on the London Stock Exchange, valuing it at more than 240 million pounds ($365.8 million). The stock has risen 7.7 percent since the company received an unsolicited bid for its private equity portfolio. ($1=.6425 Pound) (Reporting by Adveith Nair in Bangalore)

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