Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Govt’s Green Investment Bank sold in £2.3bn deal

Govt’s Green Investment Bank sold in £2.3bn deal

Thu, 20 Apr 2017 | BUSINESS SALE

The government has sold its Green Investment Bank (GIB) to Macquarie Group, an Australian banking firm, in a deal valued at £2.3 billion.

Established in 2012, GIB was the world’s first dedicated green investment bank, designed to accelerate investment in the green economy.

Under the deal, the Treasury will secure £1.7 billion, with £600 million in liabilities to be taken on by Macquarie.

The government said the deal will secure “value for money for the taxpayer while ensuring GIB continues its green mission, free from the constraints of public sector ownership”.

GIB was set up to fund renewable and low-carbon projects and has invested around £800 million a year since it was established.

The government said the bank has been a “real success story”, attracting £3 of third party funding for every £1 it invests.

“It has shown, as it set out to do, that green investment can be both green and profitable. Having demonstrated its success, the government decided to move GIB into the private sector where it can continue its success on an even greater scale,” the government said in a statement.

Under Macquarie’s ownership, GIB will invest £3 billion over the next 3 years, exceeding GIB’s track record of committing £3.4 billion of investment since it was founded.

GIB will become the primary vehicle for Macquarie’s renewable energy investment in the UK and Europe, allowing the bank to expand internationally.

The deal, subject to approval, is expected to complete in two months.

Find professional and financial businesses for sale.

Subscribe to Business Sale Report here


Share this article



Latest Businesses for Sale

Specialist Support Services For Adults
East Midlands, UK

The company provides person-centred support, progression and community integration, helping clients gain skills for living, employment and social skills.

Asking Price: Offers Invited
Turnover: £969,000

LEASEHOLD


Market Leading TV Shopping Channel
UK Wide

Highly successful business operating over a span of six years. Offers a comprehensive range of high-quality products and has successfully launched stock for over 400 suppliers.

Asking Price: Offers Invited
Turnover: £18,800,000

FREEHOLD


Provider Of Roofing And Building Services
Scotland, UK

Offers an extensive range of roofing and building services, ranging from minor works to major, multi-trade construction projects.

Asking Price: Offers Invited
Turnover: £510,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Feb
 

Hanson-owned brickwork contractor closes down | BUSINESS NEWS

Brickwork firm Irvine-Whitlock, a subsidiary of building mat...

 
25
 
Feb
 

Fairstone secures further backing from PE firm TA Associates | BUSINESS NEWS

Acquisitive wealth management firm Fairstone Financial Manag...

 
24
 
Feb
 

Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE

Nestlé has strengthened its position in the e-commerc...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
23
 
Oct
 

Subsea training centre enters administration | ADMINISTRATION

The Underwater Centre in Fort William, Scotland has fallen i...

 
14
 
Mar
 

Ferry firm Red Funnel up for sale for £250m | BUSINESS SALE

Isle of Wight ferry operator Red Funnel has been put up for ...

 
22
 
Dec
 

Dong to sell 50% of offshore wind farm in £1.6bn deal | BUSINESS SALE

Clean energy firm Dong Energy is to sell 50 per cent of Race...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.