14.07.10. Brazil's federal police are investigating Goldman Sachs Group Inc for the alleged use of insider information in the takeover of pulp company Ripasa by rival Suzano Celulose in 2004, Brazilian newspaper Valor Economico reported on Tuesday.
Goldman, the most profitable securities firm in Wall Street history, advised some of the families selling their stakes in Ripasa, Valor said.
The case could be examined in civil court, it said, without elaborating. Currently, Brazilian courts are investigating two insider trading cases, Valor reported.
Goldman declined to comment on the Valor story.
Suzano and rival VCP -- today part of Fibria -- bought all shares of Ripasa in late 2004.
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Enero 2011
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