EcoSecurities agrees £122.9m takeover by JP Morgan subsidiary
The takeover battle that emerged over Irish carbon project developer EcoSecurites has been won by Carbon Acquisition Company, an indirect subsidiary of JP Morgan Chase & Co.
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
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