Goldman offloads Kookmin stake

Private equity arm continues to monetize stake in Korea''s largest bank.

Goldman Sachs Private Equity completed the sale of a 4.2% stake in Kookmin Bank at New York's close last night Thursday.

With Goldman Sachs as sole bookrunner, 13 million ADS units were divested at $35.78 each, a 7% discount to the stock's Won43,350 close in Korea and a 0.6% discount to the ADR's $36 close in New York. One ADR equals one share.

The most striking aspect of the $465 million deal was the increase in the base...

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