- Analytics
- News and Tools
- Market News
- Goldman Sachs (GS) can get a $ 2 billion profit for the assets in South Korea
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.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
