Slaughter and May is advising Green Investment Bank - privatisation

Slaughter and May is advising the UK Green Investment Bank (GIB) on its privatisation. The transaction will involve both the sale of existing shares owned by the Government and also the commitment of additional capital for GIB by new investors.

The launch of the sale comes as GIB announced it has supported a new £10 million investment to acquire and expand the renewable energy plant and district heating network in Wick, on the far north coast of Scotland. Since GIB was launched in 2012, it has committed £2.6bn of capital to almost 70 green infrastructure projects across the UK.