April 20, 2017 / 9:19 AM / 2 years ago

Britain to sell Green Investment Bank to Macquarie in 2.3 billion pounds deal

LONDON (Reuters) - The British government said on Thursday it will sell the Green Investment Bank (GIB) to Macquarie Bank [MBL.UL] in a deal worth 2.3 billion pounds ($3 billion).

“(The) deal will meet government requirements for a sale, providing value for the taxpayer while ensuring GIB continues its green mission in the private sector,” the government said in a statement.

The deal includes a 1.7 billion pound transaction price and 600 million pounds of estimated future funding for existing GIB projects, it added.

Reporting by Oleg Vukmanovic, editing by Nina Chestney

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