Interblue Group Europe gets new chief

Natalie Gough has become the new chief executive of the Swiss company Interblue Group Europe, which maintains it is the legal successor of the US-based Interblue Group, which bought Slovakia's surplus CO2 emissions quotas in 2008.

Natalie Gough has become the new chief executive of the Swiss company Interblue Group Europe, which maintains it is the legal successor of the US-based Interblue Group, which bought Slovakia's surplus CO2 emissions quotas in 2008.

The appointment came to light after Interblue Group Europe’s entry in the business register of Zug, one of Switzerland's 26 cantons, was updated. Gough replaces Jana Lütken in the top executive post at the company in line with an announcement made by the new owner of the company Milan Ružička earlier this month, the TASR newswire wrote.

In 2008, Slovakia sold 15 million tons of carbon dioxide emissions quotas to Interblue Group at a price of €5.05 per tonne. According to the contract, the company has the right of first refusal to an additional 35 million tonnes at the same price. The deal has been criticised by the opposition over what it says was the very low sale price and the fact that the US-based firm was registered to an address which turned out to be a lock-up garage in Washington State.

Former Interblue Group project manager Rastislav Bilas said on March 24 that the purchased quotas were re-sold at a price of approximately €8 per tonne, and have ended up in the possession of four Japanese companies.

Source: TASR

For more information, please see: New revelations blow lid on Interblue puzzle.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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