GS Group and Goldman Sachs & Co. Hold 1,847,713 ALFUW Shares
Rhea-AI Filing Summary
Goldman Sachs Group, Inc. and its affiliate Goldman Sachs & Co. LLC report beneficial ownership of 1,847,713 Class A ordinary shares of Centurion Acquisition Corp., representing 6.4% of the class. The reported position shows shared voting and shared dispositive power over the shares rather than sole control.
An exhibit clarifies that the shares are owned or may be deemed owned by the broker-dealer and investment adviser subsidiary, which is a subsidiary of the parent holding company. The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Positive
- Transparent disclosure of a >5% beneficial stake (1,847,713 shares, 6.4%) provides investors clear ownership information
- Schedule 13G certification states the position is held in the ordinary course of business and not to influence control, signaling passive intent
Negative
- None.
Insights
TL;DR: Goldman Sachs discloses a passive >5% stake (1.85M shares) in Centurion, a material position requiring public disclosure.
The report shows an aggregate beneficial position of 1,847,713 shares (6.4%) held with shared voting and dispositive power, signaling the entities do not claim sole control. Filing under Schedule 13G and the included certification indicate the position is presented as passive and held in the ordinary course of business. For investors, the key takeaway is transparency around a meaningful>5% holding from a major financial institution, without an asserted intent to influence corporate control.
TL;DR: Disclosure clarifies ownership and structure: parent holding company and a broker-dealer/adviser subsidiary share beneficial power over a 6.4% stake.
Exhibit information identifies the parent-subsidiary relationship and states the securities are owned or may be deemed owned by the broker-dealer and investment adviser subsidiary. The reported shared voting and dispositive power implies coordination within the reporting group but not unilateral control. The Schedule 13G framing and the Item 10 certification emphasize the holder's stated passive intent, which is material for governance oversight and voting expectations.