Goldman Sachs has taken a 9% stake in the Industrial and Commercial Bank of China (ICBC). The Chinese bank announced yesterday that Goldman Sachs would pay $3.8 billion for its stake. ICBC is planning a $12 billion initial public offering later this year.
Goldman Sachs Pays $3.8 Billion For 9% Of Industrial and Commercial Bank of China
Goldman Sachs has taken a 9% stake in the Industrial and Commercial Bank of China (ICBC). The Chinese bank announced yesterday that Goldman Sachs would pay $3.8 billion for its stake. ICBC is planning a $12 billion initial public offering