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Large banks ready to sell down Markit stakes

Goldman Sachs and Deutsche Bank are among those looking to take advantage of the first lockup release period since the firm went public

Large banks ready to sell down Markit stakes
Photo: Getty Images

A number of large banks that are investors in financial data provider Markit plan to sell portions of their stakes through a proposed secondary offering at the first opportunity, taking advantage of the end of a post-initial public offering lockup period.

Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley, Citigroup, Barclays, Credit Suisse, Deutsche Bank, HSBC, BNP Paribas, RBS, or entities controlled by those banks, have expressed interest in selling shares in the company later this year, the firm disclosed in a regulatory filing Wednesday.

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