Business Activities News
- 3Com gets Goldman loan for H-3C stake
Date: 29-Dec-2006 Sources: (Shenzhen Daily)
GOLDMAN Sachs Group Inc. will provide 3Com Corp. with as much as US$500 million in financing to buy out Huawei Technologies Co.'s stake in a computer-networking equipment venture.
Goldman Sachs Credit Partners L.P., a Goldman subsidiary, will provide the loan, Marlborough, Massachusetts-based 3Com said Thursday in a U.S. Securities and Exchange Commission filing. 3Com agreed last month to buy Huawei's 49 percent stake in their Hong Kong-based venture, H-3C, for US$882 million to boost sales and return to a profit.
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