A GIB spokesman contacted by Recharge remained tight-lipped on the timing of the sale which is expected to be concluded by ministers from the Department for Business, Energy & Industrial Strategy (BEIS) and the Treasury in the next few weeks.
Macquarie is believed to have made a higher bid for the GIB than its rival, a consortium called Sustainable Development Capital, comprising the Japanese trading house Mitsui, General Electric, and insurance firm John Hancock.
The
