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G.M. is seeking to sell the remaining stake.
Earlier this year, Glencore, which owns 34 percent of Xstrata, offered to buy the remaining stake.
The Sandfords purchased the remaining stake in the horse in early 2012.
Bondholders would get 12percentt, and Loews's management would receive the remaining stake.
Telmex said it planned to buy the remaining stake for $600 million.
(USA Interactive, Expedia's majority owner, agreed last week to buy the remaining stake in the company for $3.3 billion).
Today, they own 49% of Red Bull; Mr Mateschitz owns another 49%; and the remaining stake is in a trust.
The remaining stake pertains to A.I.G. shares the Treasury Department owns in exchange for capital it infused.
Goldman converted the remaining stake into 818.9 million common shares and might sell its remaining holdings, it said.
He has sold 3.5%, making him £32m, and will hold on to the remaining stake for at least a year.
GDF, the world's largest independent power producer, bought 70% of IP in 2010, but has now agreed to buy the remaining stake for 418p a share.
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