Goldman Sachs to exit Japanese golf operator
Goldman Sachs is set to sell its remaining 44.7% stake in Japan’s largest golf course operator Accordia Golf, coming nearly five years after the American investment bank offloaded 55.3% of the company at the time of Accordia’s IPO.
The value of Accordia’s sale is estimated at JPY37 billion ($445 million), based on its trading price on the Tokyo Stock Exchange. Goldman Sachs fully acquired Accordia in 2002 from Nitto Kogyo, the...
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