Macquarie leads £2.3B acquisition of UK's Green Investment Bank
April 21, 2017
Investment Banks | Edinburgh, UK | Corporate Acquisition
A consortium led by Macquarie (ASX: MQG) has agreed to acquire the Green Investment Bank, which is focused on financing investments related to preserving the environment, from the British government for £2.3 billion. The deal includes "special share" arrangements that will be held by independent trustees to ensure the continuation of the bank's environmental mission. Upon completion of the deal, the Green Investment Bank will manage or supervise more than £4 billion of assets and projects.