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Goldman To Sell $446M Stake In Japanese Golf Operator

Law360 (January 6, 2011, 2:11 PM EST) -- Goldman Sachs Group Inc. will dump its approximately $446 million stake in Accordia Golf Co. Ltd., the Japanese golf course operator announced Thursday.

The investment bank currently holds 470,587 shares in Accordia Golf, or an approximately 44.7 percent stake in the company. Goldman invested in the company in 2002 and helped take Accordia Golf public in 2006.

Pricing of the Goldman sale could take place as early as Jan. 17, Accordia Golf said. The company's shares are traded on the Tokyo Stock Exchange.

Accordia Golf said...
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