Deals
Goldman Sachs Ends Hana Investment With $331 Million Sale
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Goldman Sachs Group Inc. sold its entire 3.9 percent stake in Hana Financial Group Inc. for 372 billion won ($331 million), exiting its seven-year investment in the South Korean bank.
The Wall Street firm sold 9.5 million shares in Hana for 38,950 won apiece, or a 3 percent discount from yesterday’s closing price, according to the terms of the transaction obtained by Bloomberg News today.