EcoSecurities agrees £122.9m takeover by JP Morgan subsidiary

Under the terms of the offer, EcoSecurities will receive 100 pence per share from Carbon Acquisition Company, valuing EcoSecurities at approximately £122.9 million ($203.1 million). The offer represents a premium of 11% to the improved 90 pence per share offered by Dutch company Guanabara in September. Guanabara is chaired by Pedro Moura Costa, a founder of EcoSecurities.

The takeover battle first emerged in June, when France's EDF Trading and Dutch company Guanabara Holdings announced competiti