Thursday, September 3, 2009

Carbon Trade: "EcoSecurities says in offer talks with another party" (ECO.L)

A follow-up to yesterday's "Carbon Trade: "EcoSecurities co-founder confident of bid success" (ECO.L)". From Reuters:
EcoSecurities Group Plc said it was in ongoing talks with another party for the possibility of a takeover offer after Swedish firm Tricorona decided not to bid for the Irish carbon offset company.

There can be no certainty that an offer or any other transaction will occur, EcoSecurities said in a statement.

The company continued to recommend that its shareholders take no action in response to the revised offer by Guanabara Holdings, set up by EcoSecurities co-founder and former president Pedro Moura Costa....MORE