• Goldman Sachs (GS) can get a $ 2 billion profit for the assets in South Korea

Noticias del mercado

25 noviembre 2016

Goldman Sachs (GS) can get a $ 2 billion profit for the assets in South Korea

One of the world's largest investment banks, Goldman Sachs Group (GS) can get a great return on the investment of $ 400 million in the manufacturer of industrial gases.

The bank is going to sell its stake in one of the largest industrial gas producers in South Korea. A potential deal could bring $ 2 billion, according to The Wall Street Journal, citing a person familiar with the details of the transaction.

Goldman, which owns a controlling stake in Daesung Industrial Gases, sent out the financial details of the operation to potential buyers, including private equity firms, the South Korean conglomerate and global competitors in the production of industrial gases, to assess the interest in the asset.

The purchase of this business is an intriguing prospect for private equity firms in Asia as controlling stakes in companies operating in high-yielding sectors are rarely put up for sale in this region. South Korean banks are also willing to finance the deal with high levels of profitability and low interest rates.

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: