October 13, 2017 / 2:25 PM / 10 months ago

Goldman exploring options for stake in Weinstein Co

(Reuters) - Goldman Sachs Group Inc said on Friday it was exploring options for the stake it holds in the Weinstein Co following allegations of sexual harassment against co-Chairman Harvey Weinstein.

Harvey Weinstein, Co-Chairman of The Weinstein Company, speaks at the UBS 40th Annual Global Media and Communications Conference in New York, December 5, 2012. REUTERS/Carlo Allegri

“There is no place for the inexcusable behavior that had been reported, and we strongly condemn it,” Andrew Williams, a spokesman for Goldman, said in an email.

He said Goldman held a stake worth less than $1 million in The Weinstein Co.

Harvey Weinstein, who has produced or distributed Oscar-winning movies including “Shakespeare in Love” and “Chicago”, was ousted from the Weinstein Co on Sunday.

The Weinstein Company did not respond to emails and calls seeking comment.

FILE PHOTO: A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange, New York, U.S. on April 16, 2012. REUTERS/Brendan McDermid/File Photo

Reporting By Aparajita Saxena in Bengaluru; editing by Patrick Graham

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