Goldman Sachs increases holding to 16.1 percent in Brit gambling group

09.07.2008, Lesen Sie hier den Bericht über «Goldman Sachs increases holding to 16.1 percent in Brit gambling group».

Interest In Rank Plc Intensifies

Adding to the interest and purchase of Rank plc shares this week is the news that investment bankers Goldman Sachs has increased its holding in the British land and online gambling group by 11 percent to 16.1 percent, making it the second biggest shareholder after the Malaysian Guoco group, which pushed its shareholding in Rank up to 17.08 percent earlier this week (see previous Online-Casinos.com/InfoPowa report).

With similar interest from the Malaysian Genting Berhad group (11 percent) and the UK property development firm Richardson Capital (also 11 percent) speculation is growing that a takeover attempt on the troubled Rank group may be imminent.

In February this year Rank’s announcement that it intended to transfer its final pension scheme to Goldman Sachs was widely interpreted by industry observers as opening the way for the sale or break-up of the Rank business.

Über Goldman, Sachs & Co.:

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

We commit people, capital and ideas to help our clients, shareholders and the communities we serve to grow. At Goldman Sachs, we:

Advise: We advise companies on buying and selling businesses, raising capital and managing risks, which enables them to grow.

Finance: We help local, state and national governments finance their operations so they can invest in infrastructure, like schools, hospitals and roads.

Transact: We transact for our clients in all key financial markets, including equities, bonds, currencies and commodities, so that capital flows, jobs are created and economies can grow.

Support: We help markets remain efficient and liquid, so investors and companies can meet their needs, whether to invest, raise money or manage risk.

Manage: We preserve and grow assets for institutions, including mutual funds, pension funds and foundations, as well as individuals.

Invest: We invest our capital alongside our clients’ capital to help businesses grow.

Innovate: We develop ideas and analysis that drive new perspectives, new products and new paths to growth.