Goldman Sachs to sell 16 million shares in Sports Direct International
LONDON (Reuters) - Goldman Sachs International said on Wednesday it would sell up to 16 million shares in Sports Direct International (SPD.L) acquired from the retailer's founder and deputy chairman Mike Ashley.
The bank said it would sell the shares to institutional investors, with bookbuilding starting immediately.
Ashley is the largest shareholder in Sports Direct, owning 385.4 million shares or 64.4 percent of the capitalization, according to Thomson Reuters data which cites a July filing.
(Reporting by Paul Sandle, Editing by Belinda Goldsmith)
TOKYO - Asian stocks slid on Monday and the dollar stepped back from its recent highs as disappointing Chinese trade data and uncertainty over the crisis in Ukraine kept risk appetite in check.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.