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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Singapore fund to take 30pct Rothesay stake

Posted on 06 September 2013

Singapore’s sovereign wealth fund is poised to become a big shareholder in Rothesay Life as owner Goldman Sachs prepares to sell almost two-thirds of the UK pensions insurer in a deal valuing the operation at about £900m.
GIC is close to buying a 30 per cent stake and Blackstone, the private equity group, a further 30 per cent, people familiar with the matter said………………………………………..Full Article: Source


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