Goldman Sachs Purchases US And UK Companies Using Chinese State Funds Amid Rising Tensions
Portfolio Pulse from Benzinga Neuro
Goldman Sachs (NYSE:GS) has used a fund created with the China Investment Corporation (CIC) to acquire several US and UK companies. The acquisitions were made using a $2.5 billion private equity 'partnership fund' established in 2017 with the Chinese sovereign wealth fund. The acquired companies include a supply chain tracking start-up, a cloud computing consultancy, a drug testing company, and a manufacturer of systems used in AI, drones, and electric vehicle batteries.
August 30, 2023 | 9:17 am
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Goldman Sachs has been actively using its partnership fund with the China Investment Corporation to acquire companies in the US and UK. This could potentially lead to increased revenues and growth for the company.
Goldman Sachs' active use of its partnership fund with the China Investment Corporation for acquisitions could potentially lead to increased revenues and growth for the company. However, the geopolitical tensions and the involvement of Chinese state funds could also pose risks.
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