Goldman fund sells stake in SSA Marine
[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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status