Wall Street bank Goldman Sachs said on Wednesday it has no need to raise cash by selling a big stake in Industrial and Commercial Bank of China <1398.HK><601398.SS>, the world's most valuable lender.

Goldman Sachs holds 4.93 percent of ICBC, a stake worth about $8.75 billion, and on Wednesday agreed not to sell 80 percent of it before April 28, 2010. Under its previous lockup agreement, Goldman could sell half the stake in April 2009 and the other half in October 2009.

We are in no rush to sell ICBC shares, Goldman Sachs Vice Chairman Michael Evans said at ICBC's 2008 results media briefing.

(Reporting by Tony Munroe; Editing by Alison Leung)

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