Green light for CO2 deal

JP MORGAN subsidiary Carbon Acquisition Company&rsquo;s &pound;1.05 a share offer to acquire emissions trading group EcoSecurities has become wholly unconditional and is expected to complete during December.<br /><br />The deal has acceptances from investors representing more than 80 per cent of&nbsp; EcoSecurities&rsquo; share capital. Upon completion of the transaction, it is expected that EcoSecurities will operate as an independent enterprise and its market-leading brand will be retained, although chief executive Bruce Usher will step down but remain on the board. <br /><br />Blythe Masters, head of global commodities at JP Morgan, said: &ldquo;Our goal is to ensure that EcoSecurities maintains its leadership position in the global carbon markets and continues to offer world-class services.&rdquo;