Macquarie said planning split, not strip, for UK green bank

If Australia's Macquarie Bank ends up the winning buyer of UK Green Investment Bank, the entity will likely be split into two. The potential sale has sparked strong opposition for fears the green-focused bank will be stripped of assets.

BY JESSICA SHANKLEMAN AND BRIAN ECKHOUSE, BLOOMBERG

UK Green Investment Bank Plc, the state lender put up for sale by the government, will be dramatically restructured if it is sold to Macquarie Group Ltd., according to two people familiar with the matter.

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Sales plans for green UK bank could be abandoned
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Major US fund enters green energy organization
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