Schroders confirms talks with Greencoat Capital on buying 'significant' stake
UK fund manager Schroders on Thursday confirmed it was in talks with renewable energy investor Greencoat Capital about taking a “significant” stake in the company.
“There is no certainty these talks will lead to any final agreement,” Schroders said in a statement, adding that it
continues to “evaluate potential acquisition opportunities in line with its strategy to build a comprehensive private assets platform and enhance its leadership position in sustainability”.
Sky news reported Schroders was set to splash out £360m to buy a 75% stake in Greencoat, which runs funds including London-listed Greencoat UK Wind and Greencoat Renewables. It also manages funds specialising in solar assets and bioenergy and heat.
The company was put up for sale earlier this year when it hired Fenchurch Advisory Partners to sound out prospective buyers.