Latest news with regards to Glodman selling its uranium trading company Nufcor. It seems that GS did not manage to sell Nufcor. But GS has limited Nufcor's uranium trading activities. It plans to limit Nufcor's activities down to zero according to the statement:
Goldman Sachs is managing down Nufcor’s assets to zero. Given that it was not a core or strategic part of our commodities business, in 2013 Goldman Sachs decided to limit Nufcor’s activities to meeting and managing current supply obligations.
http://www.goldmansachs.com/media-r...ties-markets-and-financial-intermediation.pdf
Earlier this year, likely under pressure from Levin's investigation, Goldman sought to sell Nufcor but was unsuccessful and said it plans to wind down the business. Goldman said it plans to limit Nufcor's activities to meet "current supply obligations," which extend through 2018.
Read more: Sen. Levin: Commodity units rife with risk, manipulation - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?) http://www.thedeal.com/content/regulatory/a-group-of-large-financial.php#ixzz3q8fBEw94
Uranium price expected to move higher, page-5
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