Goldman Sachs Becomes Second Largest Shareholder in Tokyo Stock Exchange
According to reports, the investment bank’s Japanese unit increased its holding in the exchange to 2.64 percent after acquiring a further 20,000 shares in March 2011 – Goldman already managed 40,000 shares.
Previously the financial institution had been the fifth largest investor in the TSE, holding a stake of 1.76 percent.
Morgan Stanley is the largest shareholder in the exchange with a stake of 4.4 percent while SMBC Friend Securities joins Goldman in managing a 2.64 percent share.
The Dow Jones reported that the bourse distributed 20,000 shares among firms and banks when it initially floated on the stock exchange in 2001.
Both Goldman and the TSE have yet to comment on the acquisition while the source of the shares has yet to be confirmed.