OTTAWA — How much cash did the federal government take in by selling its remaining stake in General Motors? The final figures havent been released yet, but heres what is known about the deal:

The government sold the rest of its holdings—73,389,831 shares—in GM on Monday to Goldman, Sachs & Co. in an unregistered block trade.

Goldman, Sachs & Co. was seleced through a two-stage, competitive process, said Finance Department spokesman David Barnabe. In the first stage, Barnabe said a group of investment banks—each with significant trading activity in GM stock and extensive experience in large block sales—were chosen.

He said the second stage called on the banks to present their bids for all of the governments remaining GM shares. The process closed Monday with Goldman, Sachs & Co. emerging as the winning bidder.

The value of taxpayers remaining GM stake was more than $3.3 billion Monday, based on a US$36.66 price at the close and an exchange rate of $1.2473.The government says details on the proceeds from the sale will not be available until the deal passes through U.S. and Canadian securities regulators, expected in the coming days.

The deal was made to eliminate a market exposure and ensure a good return for Canadian taxpayers, following the advice of independent experts and consistent with best commercial practices, Barnabe said.

Ottawa needed to make $4 billion in proceeds from its remaining shares to break even on its original 2009 investment, which was part of the effort to bail out GM.The Finance Department has said the value of the GM stock was initially booked at about $1.1 billion. A net gain or loss from the sale would be the total proceeds minus the book value.Therefore, the government would reap a net gain of $2.2 billion if the shares were sold at the current market valuation of about $3.3 billion.A sale of $3.3 billion would also leave the government only $700 million short of breaking even on the original investment.