UK fund manager Schroders in talks to buy 75% stake in Greencoat Capital

British fund manager Schroders (SDR.L) is in advanced talks to buy a 75% stake for about 360 million pounds ($475.52 million) in Greencoat Capital, which manages solar, wind and other renewables funds, Sky News reported on Wednesday.

A deal could be announced within a matter of days and the transaction could include an option to buy the remainder of Greencoat, according to the report.

($1 = 0.7571 pounds)