New York — In a private offering agreement,
“Goldman Sachs is an exceptional institution,” says Warren Buffett, chairman and CEO of Berkshire Hathaway Inc. “It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of out-performance.”
In addition, Goldman Sachs is raising at least $2.5 billion in common equity in a public offering.
“We are pleased that given our longstanding relationship, Warren Buffett, arguably the world’s most admired and successful investor, has decided to make such a significant investment in Goldman Sachs,” says Lloyd Blankfein, chairman and CEO of Goldman Sachs. “We view it as a strong validation of our client franchise and future prospects. This investment will further bolster our strong capitalization and liquidity position.”
Source: Business Wire