Green Investment Bank, Oman SGRF eye stake in Leap Green Energy

State General Reserve Fund of Oman (SGRF) and UK Green Investment Bank Plc. (GIB) are in separate talks to acquire a stake in JPMorgan-backed Leap Green Energy Pvt. Ltd, four people familiar with the development said.

SGRF manages the oil and gas revenues of the energy-rich Oman and has a diversified portfolio in 25 countries. GIB is UK government owned and finances green projects.

Mint reported on 18 August 2015 that JPMorgan Asset Management Holdings Inc., the investment arm of JPMorgan Chase and Co., plans to sell half its stake in Leap Green Energy.

“SGRF is interested in acquiring a stake in Leap Green. JPMorgan has been looking for a buyer for some time now,” said one of the four people cited above, requesting anonymity.

A second person, one of the four cited above, who also didn’t wish to be identified, confirmed SGRF’s interest in acquiring a stake in Leap Green. Read more…