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Wednesday, April 6, 2011

Goldman Sachs seeks to purchase 100 percent of Australia-NZ joint venture

Global investment bank Goldman Sachs Group is seeking to buy the 55 percent of its Australian and New Zealand joint venture that it does not already own, the company said in a statement on Thursday. Goldman Sachs, which currently owns 45 percent of the joint venture, said it had commenced a formal process to take its stake in Goldman Sachs & Partners Australia Group Holdings to 100 percent. The remaining 55 percent is owned by former and existing management and employee shareholders in the joint venture.

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