Green Investment Bank to be sold off in £2.3bn deal

Bank expected to retain offices in London and Edinburgh, as bid from Australia's Macquarie accepted despite opposition

The government has agreed a 2.3bn sale of the Green Investment Bank to the Australian bank Macquarie, according to sources close to the process.

The privatisation of the bank was expected in January but signoff was delayed in the face of stiff political opposition and wrangling over the final price.