Financial Times FT.com

Goldman cedes control in China

By Sundeep Tucker in Hong Kong

Published: October 9 2007 22:18 | Last updated: October 10 2007 05:40

Goldman Sachs is to cede control of the consortium that owns China’s largest meat processor, just weeks after it secured final approval for the takeover.

The unexpected move will raise eyebrows among dealmakers in China, who are sensitive to signs that Beijing is restricting foreign ownership of high-profile domestic assets.

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