Green Investment Bank: rival bidder launches legal challenge to sale

SDCL claims government has not sought value for money for taxpayer in choice of Australian bank Macquarie

A last-ditch attempt has been made to derail the government's controversial sale of the Green Investment Bank to the Australian investment bank Macquarie.

Sustainable Development Capital (SDCL), a rival bidder for the bank, said it was launching a legal challenge to the government's decision to select Macquarie as its preferred bidder for the 2bn deal.