Goldman exits ICBC with $1.1bn block; bags 6.7% share in Keppel Reit

21 May 2013

Goldman Sachs has sold the last of its stake in Industrial and Commercial Bank of China, raising $1.1bn in a block sale.

The bank last sold a block of ICBC shares in January and but unlike that deal, which launched with a fixed price of HK$5.77, this new sale offered investors an indicative range of HK$5.47 to HK$5.50 – a discount of 2.5% to 3% to Monday night’s closing price.

Although ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data