Goldman Sachs Group Inc. sold its remaining shares in China’s Industrial and Commercial Bank ending a seven year old investment. By this transaction the Goldman Sachs Group Inc raised $1.1 billion.
Goldman’s stoke sale marks the firm's exit from China's biggest lender. In April 2006 Goldman has bought a 4.9% stake in ICBC for US$2.58 billion. After the selling of its ICBC share has raised $10 billion more than triple its initial investment. "The American banks wan...
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