Magic circle firms advise as Macquarie seals £2.3bn Green Investment Bank acquisition

Slaughters and A&O among advisers on UK Government sale to Australian bank

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Slaughter and May, Allen & Overy (A&O) and Herbert Smith Freehills (HSF) have all advised on the £2.3bn sale of the Green Investment Bank (GIB) to Australia’s Macquarie.

The long-running sale process dates back to 2015, when former Chancellor George Osborne announced that the government was planning on selling its controlling stake in the bank, which was set up in 2012 with £3.8bn of public funding.

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