Tricorona pulls EcoSecurities bid

Carbon credits firm EcoSecurities said yesterday it was in ongoing talks with another party over a possible takeover offer, after Swedish clean energy project developer Tricorona decided not to proceed with a bid. EcoSecurities continued to recommend that its shareholders take no action in response to an offer from Guanabara Holdings, set up by the firm’s co-founder Pedro Moura Costa, which was increased on Tuesday from 77p to 90p a share.