Singapore's Temasek Holdings has agreed a deal to buy Goldman Sachs's shares in the Industrial and Commercial Bank of China (ICBC), the world's largest bank.
The state-owned fund will pick up $2.3bn (£1.5bn) worth of ICBC shares, taking its stake to 1.3% in the bank.
Analysts said that Temasek, which also holds stakes in China Construction Bank and the Bank of China, needs to ensure that it does not expose itself too much to these risks. Full story
Related:
Goldman Sells ICBC Shares, Temasek Buys - WSJ Blog
Temasek pays US$2.3b for Goldman ICBC lot - The Standard
Temasek buys $2.3 bln of ICBC shares from Goldman - BusinessWeek
Goldman Sachs Sells Shares in China Bank for $2.5 Billion - NYTimes.com
Temasek buys into China banking monopolies - Nasdaq
