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Blackstone Group LP, GIC To Buy Stakes In Goldman Sachs Group Inc's Rothesay-Reuters


Thursday, 5 Sep 2013 08:41pm EDT 

Reuters reported that GIC and U.S. private equity group Blackstone Group LP are each set to buy 30% stakes in Goldman Sachs Group Inc's British pensions insurance operation, Rothesay Life, the Financial Times reported on September 5, 2013. The deal values the operation at $1.40 billion (GBP900 million), the financial daily added. GIC and Blackstone were not available to comment outside business hours, while Goldman Sachs declined to comment.