Goldman Sachs is considering selling part of its 4.9% stake, valued at $7.5bn, in Industrial & Commercial Bank of China, a move that could raise more than $1bn, reports the WSJ. Goldman began talking to ICBC about selling 15% to 20% of its stake late last year. Any transaction would have to wait until late April, when a lockup on half the stake is set to expire.

This entry was posted by Gwen Robinson on Tuesday, March 24th, 2009 at 4:48 and is filed under Capital markets. Tagged with goldman sachs, icbc. Edit this entry.