GS Anticipates $2.05 Billion From Stake Sale - Goldman Sachs Gr (NYSE:GS)

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Goldman Sachs Group Inc (NYSE: GS) plans to sell a percentage of its stake in Industrial & Commercial Bank of China Ltd. GS has hopes of raising up to $2.05 billion from the sale. A person familiar with the matter said that GS would be selling 2.75 billion shares in the HK$5.70-HK$5.79 per share range. Goldman Sachs will be left with a 3.1% stake in the bank, after the sale is complete. GS shares dipped 0.58% to $144.17 at 12:49 pm.Read more from Benzinga's Company news.

27% profits every 20 days?

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