Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Goldman Sachs is an American multinational investment bank and financial services company.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedGoldman Sachs completely exited the capital of the owner of Cian PLC. The Moscow Arbitration Court seized a 5% stake in Goldman Sachs in Detsky Mir, property rights to trademarks registered in the Russian Federation, as well as shares of Russian companies owned by the Goldman Sachs III SICAV fund. The latter, in particular, include 1.2 million shares of Sberbank, 750 thousand shares of Aeroflot, 790 thousand shares of Gazprom, 550 thousand shares of VTB and shares of other Russian issuers. One of the main reasons for the arrest of the shares of Russian companies owned by Goldman Sachs (Aeroflot, Detsky Mir, Sberbank, etc.) at the request of Otkritie Bank could be the announcement of an American corporation about leaving the Russian market.
The first major Wall Street bank to exit Russia in response to its invasion of Ukraine. Wind down business in Russia but buy Russian debt. Russian structures Goldman Sachs and Bank of America recorded losses at the end of 2022 for the first time in at least five years. According to the report, at the end of last year, Goldman Sachs Bank recorded losses of 176.6 million rubles against a net profit of 2.1 billion rubles in 2021. Russian President Vladimir Putin has authorized the Balchug Capital company to acquire 100% of the shares of Goldman Sachs Bank LLC, which belongs to the Goldman Sachs Group. Goldman Sachs and JPMorgan in February 2025 started to offer investors ruble-linked derivatives. In the beginning of April 2025 it was announced that Goldman Sachs would sell Russian shares to Balchug Capital. Balchug Capital received special permission to purchase a portfolio of securities of Russian issuers from Goldman Sachs International. Russian President Vladimir Putin signed the corresponding order on April 2, 2025. It mainly included shares of oil and gas companies (Gazprom, LUKOIL, Rosneft, NOVATEK, Surgutneftegaz, Tatneft), as well as securities of Inter RAO and NLMK. Balchug Capital reported that it had closed a deal to acquire the Russian subsidiary of the American bank Goldman Sachs. According to an extract from the Unified State Register of Legal Entities, Balchug Capital CJSC became the owner of a 100% stake in Goldman Sachs Bank on April 23. The nominal value of the stake is 1.45 billion rubles. 23.04.2025: The entry about the founder of GOLDMAN SACHS GROUP, INC. has been removed from the Unified State Register of Legal Entities. CLOSED JOINT-STOCK COMPANY "BALCHUG CAPITAL" becomes the new founder of the organization.