UK govt sells green bank in £2.3bn deal

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London - The UK Green Investment Bank (GIB), created by the British government to fund environmental projects, is to be sold to Australian financial services firm Macquarie Group in a £2.3bn deal, the government said Thursday.

Under the deal, worth $2.6bn, Macquarie has vowed to invest at least 3 billion of new funds into Britain's green economy over the next three years.

The government, GIB's sole shareholder, launched the sales process to privatise the fund last year.

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