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Goldman Sachs seeks to take full control of China venture

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Goldman Sachs Group Inc. is seeking full control of its securities joint venture in China.

Should it buy 100% ownership of Goldman Sachs Gao Hua, it would become the first Wall Street bank to take full control of a joint venture in China.

Goldman Sachs reportedly signed a definitive agreement with its partner to purchase the 49% stake of the venture it doesn't already own.

Read more from Bloomberg.

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