Losing Bidder Files Legal Challenge Over Sale of U.K. Green Bank

摘要

Sustainable Development Capital LLP initiated legal proceedings against the U.K. government's planned sale of its U.K. Green Investment Bank Plc, after the energy investment firm failed to win preferred bidder status. The preferred bidder status awarded to another party was not compliant with criteria set out by the government, SDCL said in a March l statement. The government selected Macquarie Group Ltd. as the preferred bidder, people familiar with the deal said in October.