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.
Australian bank Macquarie, seen as one of the most likely buyers, would divide the Green Investment Bank, or GIB, into at least two units, according to the people, who asked not to be identified because discussions are confidential. One or more would manage existing loans while another would work on deals yet to reach financial close, the people said. The bank may also dispose of some assets.
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