Goldman plans $4bn sale to boost float

Goldman Sachs is planning another big secondary sale of its own shares to increase its free float after its $6.5bn (€7.6bn) acquisition of Spear, Leeds & Kellogg, the US market making and clearing business, last month.

The sale will be on top of the estimated $1bn of Goldman stock, which former partners are being allowed to sell each quarter, in a sale programme that was launched at the end of August.

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