Goldman Sachs in partial exit from Geely
Goldman Sachs has sold 600 million shares of Hong Kong-listed Geely Automobile Holdings in a deal worth $254 million. The shares were divested after the private equity investor exercised a combination of convertible bonds and warrants.
In 2009, Goldman bought about $245 million of convertible bonds in Geely. It also acquired warrants that, if exercised along with shares converted from the bonds, would give the firm a stake of around...
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