Australian bank Macquarie is the front runner to buy the UK’s Green Investment Bank in what would be the first major British privatization since Theresa May became Prime Minister in July.
The sale was announced last year when it was believed that the government would keep a significant stake in the bank, which was launched in 2013 and was the first of its kind in the world.
However, the government is now expected to sell the entire bank, retaining just a token share.
The sale is worth about £2m and Macquarie is believed to have topped a rival bid …read more