Possible float of Green Investment Bank in place of sale
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The report, in the Sunday Times, came after calls from politicians north and south of the Border to halt the acquisition of the renewables-focused lender by Australian investment firm Macquarie, chosen in October as preferred bidder, with concerns including asset-stripping.
Additionally, MSP Alison Johnstone said last week that in the current circumstances “it would be foolish for the GIB to be purged of its successful ventures in financing key environmental projects throughout Scotland and the UK”.
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Hide AdA separate report has cited a Whitehall official saying that while an initial public offering was a possibility, it was not set to take place in the short term.
The GIB was founded in 2012 by the UK government, backed by public funds, and has invested more than £2.7bn in environmental projects.