Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2021 12 16T074212Z 2 LYNXMPEHBF097 RTROPTP 4 CAZENOVE SCHRODER - Business Express
FILE PHOTO: A Schroders sign is seen outside a building in the City of London March 22, 2013. REUTERS/Toby Melville (BRITAIN - Tags: BUSINESS EMPLOYMENT)

Schroders in talks to buy stake in green investor Greencoat

LONDON (Reuters) -British fund manager Schroders said on Thursday it was in advanced talks to buy a significant stake in renewables investment firm Greencoat Capital.

Schroders issued the statement after a report by Sky News that it was close to taking a 75% stake for about 360 million pounds ($478 million), with a potential option to buy the remainder of the firm.

The move comes as fund managers compete for a global wave of sustainability-focused investments.

Greencoat manages solar, wind and other renewables funds. Founded in 2009 by energy banking veteran Richard Nourse, it has over 6 billion pounds of assets under management.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

Schroders said there was no certainty the talks would lead to an agreement, adding it was continuing to evaluate other potential acquisition opportunities to enhance its sustainability position.

($1 = 0.7539 pounds)

(Reporting by Iain WithersEditing by Rachel Armstrong and Mark Potter)

Recent Post: