Goldman Sachs' private equity arm faces losing its controlling 51% stake in Concordia, a Swedish bus company, as part of solving the group's debt problems.

Concordia failed to make a full interest payment on its bonds yesterday and faces another in two weeks. The total amount due to holders this month is €14.9m.

Goldman faces loss of control in bus group debt plan

Vivek Ahuja

Goldman Sachs

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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