# Schroders in talks to buy stake in green investor Greencoat
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-12-16
Category: BUSINESS
Category URL: https://financedigest.com/category/business
Meta Title: Schroders in Talks to Acquire Stake in Greencoat Capital
Meta Description: Schroders, a British fund manager, is in advanced talks to purchase a significant share in Greencoat Capital, a renewables investment firm, amidst growing
URL: https://financedigest.com/schroders-in-talks-to-buy-stake-in-green-investor-greencoathtml

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LONDON (Reuters) -British fund manager Schroders said on Thursday it was in advanced talks to buy a significant stake in renewables investment firm Greencoat Capital.

Schroders issued the statement after a report by Sky News that it was close to taking a 75% stake for about 360 million pounds ($478 million), with a potential option to buy the remainder of the firm.

The move comes as fund managers compete for a global wave of sustainability-focused investments.

Greencoat manages solar, wind and other [renewables funds](https://www.financedigest.com/in-renewed-push-spain-to-tender-eu-funds-for-evs-batteries-in-july.html "In renewed push, Spain to tender EU funds for EVs, batteries in July"). Founded in 2009 by energy banking veteran Richard Nourse, it has over 6 billion pounds of [assets under management](https://www.financedigest.com/asset-managers-on-alert-after-whatsapp-crackdown-on-banks.html "Asset managers on alert after ‘WhatsApp’ crackdown on banks").

Schroders said there was no certainty the talks would lead to an agreement, adding it was [continuing to evaluate other potential acquisition opportunities to enhance its sustainability position](https://www.financedigest.com/how-a-british-tech-brand-can-maintain-category-leading-position-and-continued-growth-by-investing-in-the-uk-people-and-infrastructure.html "How a British tech brand can maintain category leading position and continued growth by investing in the UK people and infrastructure").

($1 = 0.7539 pounds)

(Reporting by Iain WithersEditing by Rachel Armstrong and Mark Potter)


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