Sept 6 Singapore's sovereign wealth fund GIC
and U.S. private equity group Blackstone are
each set to buy 30 percent stakes in Goldman Sachs Group Inc's
British pensions insurance operation, Rothesay Life, the
Financial Times reported on Thursday, citing people familiar
with the matter.
The deal values the operation at 900 million pounds ($1.40
billion), the financial daily added.
U.S. life insurer Massachusetts Mutual is also in
talks to acquire a 6 percent stake, the sources told FT.
Reuters reported earlier this month that Goldman Sachs
planned to sell a majority stake in its European insurance
business over the next year.
GIC and Blackstone were not available to comment outside
business hours, while Goldman Sachs declined to comment.