Goldman Sachs trims holding in ICBC by another $1 billion

Goldman’s fifth sell-down in the Chinese bank since 2009 comes at a 3% discount and is accompanied by several other equity deals, including primary offerings from Axis Bank, Ascott Reit and Fraser’s Property China.

Anette Jönsson

January 29, 2013

Goldman Sachs last night trimmed its stake in Industrial and Commercial Bank of China (ICBC) through a $1 billion block trade — its fifth such sale since it first invested in the Chinese bank in 2006.

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