Sir Richard Branson has waded into the sale of the Green Investment Bank and urged the Government to keep a stake in the “flag carrier” if it is sold to a foreign buyer. The Sunday Telegraph reported that Macquarie has emerged as the favourite to win the auction in a privatisation deal worth around £2bn. The Australian bank is understood to have made a higher offer in the final throes of a bidding process, which has also seen interest from a consortium including the Pension Protection Fund, Lloyds Bank and Sustainable Development Capital (SDC). Macquarie already owns a host of UK assets including the M6 toll road, Thames water and television mast business Arqiva. The Green Investment Bank was only founded three years ago and has already ploughed £10.5bn into green energy and efficiency projects since 2012.
Telegraph 9th Oct 2016 read more »
FT 9th Oct 2016 read more »