Schroders PLC (LSE:SDR) confirmed it is in advanced talks with Greencoat Capital about taking "a significant stake" in the business, following media speculation.
However, the asset manager also stated there is no certainty talks will lead to any final agreement.
“Schroders 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,” a statement said.
Greencoat Capital is a European renewables infrastructure manager which also manages Greencoat Renewables PLC (LSE:GRP) and Greencoat UK Wind PLC (LSE:UKW).
Meanwhile, the boards of both Greencoat UK Wind and Greencoat Renewables put out statements emphasising that any potential transaction would relate specifically to Greencoat Capital LLP, not Greencoat UK Wind.
Both boards added, “should any transaction proceed, it would not impact Greencoat Capital's role as investment manager" to the UKW or GRP investment trusts.