US agribusiness company Bunge has today agreed to acquire Climate Change Capital Group (CCCG), a year after the UK firm started looking for a partner to grow its sustainable asset management and advisory services.

Bunge will pay an undisclosed amount 'in the coming weeks' to take over CCCG's activities, after the deal was approved by shareholders and the Financial Services Authority (FSA).

The US firm produces ethanol and electricity from sugarcane and crushes oilseeds for the biofuels industry, but also provides financial, risk management and logistics services.

A CCCG spokesman told BusinessGreen it was very much 'business as usual' for the company following the agreement.

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