AgCert shares surge amid takeover bid

SHARES in AgCert International, the greenhouse gas emissions trading company, shot up 40% on the foot of a takeover offer.

The company, which is listed on the London stock market, said its market value rose to £129 million (€190m) as its share rose 22p to 76p. The shares are still trading at a significant discount to its 2005 flotation price of 120p.

“The board of AgCert notes the recent rise in the company’s share priceand confirms that it is in early stage discussions with a party that may or may not lead to an offer being made for the entire issued share capital of AgCert,” the company said.