GIB sold to Australian bank
The government has confirmed the sale of the Green Investment Bank to Macquarie.
The Australian financial services business, which paid £2.3bn (£1.7bn to buy the bank, with a further £600m to fund existing projects), promised to invest at least £3bn in the green economy over the next three years.
The bank has invested £3.4bn since it was established in 2012 to fund green infrastructure projects.
‘This deal gives us the best of both worlds,’ said climate change minister Nick ...