The British government is set to agree to a deal to sell UK Green Investment Bank to Macquarie Group in early January, according to a person familiar with the process.
The sale of the Edinburgh-based bank is on track to be completed before the end of March, in line with the deadline the government set when it announced the privatisation this year, the person said, asking not to be identified because discussions are confidential. Negotiations with the Australian bank, which bid to buy all of GIB, are continuing, according to the person.
