Green CO2 acquisition fund stands at £10m

Green CO2 has jumped 11% - up 0.13p to 1.25p - after announcing plans for a £10m placing to raise funds to buy companies in the energy compliance markets. It has appointed John Prowse, former managing director of Connaught's compliance division, as its new chief executive, and at the same time chairman Bob Holt - boss of social housing group Mears - has agreed to put in close to £1m to pay off a debt to Barclays Bank. A number of acquistions are on the horizon.