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Goldman Sachs sells metal warehousing unit to Reuben Brothers

Billionaire property investors the Reuben Brothers have acquired Goldman Sachs’s metal warehousing business, Metro International Trade Services, for an undisclosed sum.

Goldman Sachs started the search for a buyer for the activities in May, saying they weren’t strategic. It has owned the business for about five years, paying around half a billion dollars for it.

Metro has 30 warehouses in Detroit.

Click here for the full FT article (£)

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