Goldman Said to Draw Interest in Metro Warehousing Unit
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Goldman Sachs Group Inc., which bought aluminum warehouse firm Metro International Trade Services LLC in 2010, has received inquiries from potential buyers after the London Metal Exchange imposed new rules on how storage facilities operate, a person briefed on the matter said.
Goldman Sachs hasn’t engaged in a formal sale process, said the person, who requested anonymity because the talks are private and didn’t identify the prospective purchasers. Gary Cohn, president of the New York-based company, told CNBC in July that it was allowed to own Metro for 10 years and that it would sell the business at “an appropriate time.”