GIB sale close as independent trustees nominated

Five independent trustees with regulatory, green business and policy experience have been named as the sale of the Green Investment Bank nears completion

Controversial privatisation of GIB may raise around £2bn. Picture courtesy of Green Investment BankFive independent trustees have been nominated to protect the green status of the Green Investment Bank (GIB) as its sale to an undisclosed private bidder nears completion.

The nominees, which were selected by an independent committee, will be formally appointed to run a new organisation called the Green Purposes Company Ltd (GPC).

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