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Goldman fund sells stake in SSA Marine

Published Wed, Jan 8, 2014 · 10:00 PM
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[NEW YORK] An infrastructure fund run by Goldman Sachs has sold its 49 per cent stake in the holding company of SSA Marine, one of the world's largest privately held port operators, SSA said on Tuesday.

The sale is the bank's latest divestment in the resources and transportation sector, and follows last year's sale of its power plant unit, Cogentrix. It is also considering the sale of its contentious metals warehousing business amid intense criticism of its role in the raw materials supply chain.

Financial details of the transaction were not released. A Goldman spokesman declined to comment on the sale.

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