Goldman launches China's ICBC selldown worth about $1 billion: source
Posted : Monday, 28 January 2013 05:01AM
HONG KONG (Reuters) - Goldman Sachs <GS.N> launched on Monday a sale of about $1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China <1398.HK>, according to a source with knowledge of the deal.
Goldman offered the shares in ICBC, as the bank is known, at HK$5.77 each, equivalent to a discount of 3 percent to Monday's close of HK$5.95, added the source, who was not authorized to speak publicly on the matter.
(Reporting by Michael Flaherty and Elzio Barreto; Editing by Robert Birsel)
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