Goldman Sachs Fund Investing $250 Million in China’s Geely

Started by CrackSmokeRepublican, September 21, 2009, 12:40:53 AM

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CrackSmokeRepublican

September 21, 2009, 12:40:53 AM
Goldman Sachs Fund Investing $250 Million in China's Geely, WSJ Says
By: atheo on: 20.09.2009 [01:43 ] (79 reads)
   
By Paul Dobson

Sept. 19 (Bloomberg) — Goldman Sachs Capital Partners will purchase a minority stake in Chinese car maker Geely Automobile Holdings Ltd. for about $250 million, the Wall Street Journal reported, citing an unidentified person familiar with the plan.

The Goldman Sachs Group Inc. fund's acquisition of Geely convertible bonds and warrants will be announced Sept. 21, the newspaper reported, citing an executive at the Chinese company. It didn't specify the size of the stake.

Edward Naylor, a spokesman for Goldman Sachs in Hong Kong, declined to comment on the report.

The investment will make capital available to aid Geely's parent company to bid for Ford Motor Co.'s Volvo Car Corp. unit, the Journal said.

Geely halted its shares on Sept. 16 pending a statement about plans to issue convertible bonds and warrants.

http://atheonews.blogspot.com/2009/09/g ... g-250.html
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan
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