Goldman Chosen to Help Manage Apple's Tax Billions for Ireland

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Goldman Sachs Group Inc, Amundi SA and BlackRock Inc. were chosen to manage about 13 billion euros ($16 billion) in back taxes that Apple Inc. will pay to Ireland, bringing recovery of the cash a step closer.

Over the coming weeks, the National Treasury Management Agency, which is conducting the procurement process for the government and Apple will be working with the preferred bidders to finalize contracts, the finance ministry said in Dublin on Friday.