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Macquarie in final talks for acquisition of Green Investment Bank

MacquarieGroup Ltd. is in the final phase of negotiations to acquireUK Green Investment BankPlc for about £2 billion, the FinancialTimes reported Oct. 8.

The deal is expected to be completed in a few weeks.Sustainable Development Capital, a consortium by , Japan'sMitsui & Co. Ltd.,the U.K. Pension Protection Fund and insurance firm John Hancock Financial, hadbeen reportedly outbid by the Australian lender.

The deadline for the submission of was Sept. 12.