The Wall Street Journal: Goldman Sachs seeks full control of its China securities joint venture

Goldman Sachs seeks full control of its China securities joint venture

social

Goldman Sachs Group Inc. is moving to acquire 100% ownership of its securities joint venture in China, deepening its investment in the world’s second-largest economy 17 years after setting up shop with a domestic partner.

The New York-based investment bank is applying with Chinese regulators to take full control of Goldman Sachs Gao Hua and has signed an agreement to acquire the 49% share of the venture it doesn’t now own, according to an internal memo seen by The Wall Street Journal.

Credit: MarketWatch

Leave A Comment

Your email address will not be published. Required fields are marked *