Goldman Sachs Group, Inc. the American multinational finance company engaged in global investment banking, investment management, securities, and other financial services might face some fluctuations in their recent deals with Amazon as it is rumoured that President Donald Trump would personally intervene to resist the ongoing.
Gregg Lemkau, the Co-Head of the Investment Banking Division (IBD) and the member of the Management Committee and the Investment Banking Division Executive Committee is highly worried by the rumour of Trump’s intervene to block Amazon’s $13.7 billion purchase of Whole Foods, right before the deal closed – in a move that could have been driven by animosity for Amazon CEO Jeff Bezos.
Accordingly it would affect Mr. Lemkau as he has advised on hundreds of transactions during his career at Goldman Sachs and has spent significant time with clients in healthcare, technology, media and telecom globally while working in offices in Europe and the United States.
“For four days we were freaked out,” Lemkau said, speaking on stage at the Goldman Sachs Tech and Internet Conference in San Francisco on Tuesday. Goldman Sachs assisted Amazon with its purchase of the grocery chain last summer.
Lemkau said that President Trump’s well-publcized spats with Bezos made people think that the deal might not get federal approval. The rumour was that Trump would try to use anti-trust policy to prevent the purchase from going through.
According to Mr. Lemkau Trump is said to be the driving force behind an ongoing lawsuit from the Department of Justice , which aims to prevent a merger between AT&T and Time Warner.
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