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Goldman Sachs Group Inc Announces Sale of Majority Stake in Rothesay Life


Tuesday, 22 Oct 2013 07:00am EDT 

Goldman Sachs Group Inc announced the sale of a majority stake in its UK pensions insurance business Rothesay Life. Funds managed by Blackstone and GIC each acquire 28.5% of the shares, with MassMutual acquiring a 7% holding. Goldman Sachs retains a 36% stake. The transaction is subject to regulatory approval.