Goldman approved to buy 10 pct of China's Fuyao


SHANGHAI, Aug 24 (Reuters) - Goldman Sachs has won Chinese government approval to buy a 10 percent stake in the country's biggest auto glass maker, Fuyao Group Glass Industries Co., the Chinese company said on Friday. China's Ministry of Commerce has given permission for Fuyao to sell as many as 111.28 million new shares, or a tenth of its expanded share capital, to an investment arm of Goldman Sachs, Fuyao said. The approval came nine months after Fuyao last November announced that ...

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