09:35 AM EDT, 09/26/2024 (MT Newswires) -- Marex Group ( MRX ) said Thursday that it has agreed to acquire a minority stake in private equity firm Key Carbon and provide financing for carbon offsetting projects.

Financial terms and the size of the the stake were not disclosed.

Key Carbon, which invests in climate change-related projects, said the funding from Marex ( MRX ) will mainly be used to help finance the production and distribution of low-emission, affordable cookstoves in Africa.

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