One of the world’s largest investment banks, Goldman Sachs Group (GS) can get a great return on the investment of $ 400 million in the manufacturer of industrial gases.
The bank is going to sell its stake in one of the largest industrial gas producers in South Korea. A potential deal could bring $ 2 billion, according to The Wall Street Journal, citing a person familiar with the details of the transaction.
Goldman, which owns a controlling stake in Daesung Industrial Gases, sent out the financial details of the operation to potential buyers, including private equity firms, the South Korean conglomerate and global competitors in the production of industrial gases, to assess the interest in the asset.
The purchase of this business is an intriguing prospect for private equity firms in Asia as controlling stakes in companies operating in high-yielding sectors are rarely put up for sale in this region. South Korean banks are also willing to finance the deal with high levels of profitability and low interest rates.
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