Source: The Edge Markets
A smooth sale of a Tesco unit will signal it’s mostly back to business as usual for Goldman Sachs. The U.S. bank is advising the British grocer on a potential $9 billion exit from Southeast Asia. Up to one fifth of the operations by value sit in Malaysia. That means the Wall Street bank led by David Solomon may earn fees from the sale of assets in a country where Goldman is still tangling with authorities for its role in the multi-billion-dollar 1MDB sovereign fund scandal.