Goldman completes exit from ICBC
Goldman Sachs has sold its remaining stake in Industrial & Commercial Bank of China (ICBC), the nation's largest lender, for around $1.1 billion - seven years after its first investment.
The US investment bank has now realized cumulative proceeds of more than $9.7 billion through several block trades of ICBC shares. This particular transaction saw 1.58 billion shares sold at around HK$5.50...
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