An undisclosed source close to the deal was quoted by IFR as saying that the ICBC shares were offered for HK$5.47 to HK$5.50, which amounts to a discount of up to 3% to HK$5.64
In April 2006, Goldman Sachs first invested in the Beijing-based bank with the acquisition of a 4.9% stake for $2.58bn in ICBC.
Stake sale in ICBC was carried out for about six times by Goldman since 2009, while the final stake sale is likely to sum up the total gross proceeds from the beginning to $10.1bn.
Goldman raised $2.5bn in April 2012 and $1bn in January from the sale of shares in ICBC, which reported a 12% increase in profit for the first quarter of 2013.
