Guanabara ups EcoSecs offer

Guanabara Holdings said yesterday it had increased its cash offer for carbon offset company EcoSecurities from 77p to 90p a share, and extended the deadline for the bid until 18 September. Guanabara, set up by EcoSecurities' co-founder and former president Pedro Moura Costa, said it had received acceptances representing about 23.53 per cent of EcoSecurities' shares for its offer, which was due to close on Wednesday. Its increased offer values EcoSecurities at around £106m.