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Sovereign Wealth Funds Briefing - Categorized | Investment

GIC, Blackstone to buy stakes in Rothesay: report

Posted on 06 September 2013

Singapore’s sovereign wealth fund GIC GIC.UL 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 MMLIC.UL is also in talks to acquire a 6 percent stake, the sources told FT………………………………………..Full Article: Source


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