Goldman Sachs exits ICBC with final $1.1 billion block trade

Seven years and six sell-downs after its initial investment in China’s biggest bank, Goldman puts an end to one of its most lucrative investments.

Goldman Sachs has sold its final batch of shares in Industrial and Commercial Bank of China (ICBC), putting an end to a strategic partnership that has lasted seven years and yielded significant returns for the US bank.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media