News Formal

Goldman Sachs in advanced talks to sell GreenSky lending unit to investment group: report

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Goldman Sachs Group Inc. is in advanced talks to sell its specialty lender GreenSky, the Wall Street Journal reported Tuesday night.

According to the Journal, Goldman GS, -0.42% is negotiating a roughly $500 million deal with a group of investment firms, which includes KKR KKR, -1.60%, Sixth Street and Pacific Investment Management.

That would be a significant loss for Goldman, which bought GreenSky for $1.7 billion in 2021. GreenSky specializes in consumer loans for home renovations. Goldman announced its intent to sell GreenSky in April, with the investment bank saying in June it would likely book a sizeable write-down on the sale.

Last week, Goldman Chief Executive David Solomon said the company is focused on restructuring its consumer business, including selling GreenSky. Goldman shares have lost less than 1% year to date, compared to the S&P 500’s SPX 16% gain this year.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Goldman Sachs analyst lowers earnings forecast on Tesla, cites price cuts and slimmer marginsTesla's earnings could be hit further from weaker margins as the company continues to push for higher production, according to Goldman Sachs.
Källa: CNBC - 🏆 12. / 72 Läs mer »