Macquarie corners UK quarry
The UK government is poised to approve Macquarie Group's "£2 billion bid" for the publicly owned Green Investment Bank, the Financial Review reports.British government officials have told Macquarie the deal will be approved in the coming days, according to the newspaper. The Green Investment Bank, which is headquartered in Edinburgh, was set up by the UK government in 2012 to attract private funds for the financing of investments related to environmental preservation and improvement. GIB is owned by the Department for Business, Energy and Industrial Strategy.The bank's 2016 annual report put assets at £1.6 billion and net assets at £1 billion.The UK's Universities Superannuation Scheme will "help fund the deal" the newspaper reports.