Goldman Sachs buys minority stake in Mongolian bank
Goldman Sachs has purchased a 4.78% stake in Trade & Development Bank of Mongolia, the country’s oldest bank. The company has previously received investment from Asian Development Bank and International Finance Corp. (IFC).
The deal was arranged by TDB Capital, Trade & Development Bank's wholly owned investment banking subsidiary, Reuters reported. The value of the transaction has not been disclosed. Goldman Sachs made the...
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