Startup Observer.com
  • Home
  • Industries
  • Innovation
  • outsourcing
  • Business
  • Finance
  • Headlines
  • Opinion
  • News
Home Business Schroders in talks to buy stake in green investor Greencoat
Business

Schroders in talks to buy stake in green investor Greencoat

by maria December 16, 2021
December 16, 2021
gawdo

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.

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)

www.gawdo.com
Share on FacebookShare on TwitterShare on Linkedin
0 FacebookTwitterPinterestEmail
previous post
Hedge funds set to end 2021 with inflows for first time in three years
next post
Chinese envoy to Japan: calls on Tokyo for support of Beijing Olympics

You may also like

EHL partners Emirates to take new hospitality strategy...

June 28, 2022

Celonis and EcoVadis outline sustainable procurement partnership 

June 27, 2022

How can retailers launch an effective marketplace platform?

June 24, 2022
Editorial & Advertiser disclosureEditorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. 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 may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. 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 sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
gawdo.com
https://www.gawdo.com
  • About us
  • Advertising & Terms of Use
  • Contact Us
  • Privacy Policy

@2021 - All Right Reserved.


Back To Top
Startup Observer.com
  • Home
  • Industries
  • Innovation
  • outsourcing
  • Business
  • Finance
  • Headlines
  • Opinion
  • News
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT