Mon, May 30, 2016
A A A
Welcome vaishu
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

Blackstone, GIC buy stake in Goldman’s European insurer

Posted on 23 October 2013

Blackstone Group LP and GIC Pte, Singapore’s sovereign wealth fund, agreed to buy a majority stake in Goldman Sachs Group Inc’s European insurance business.
Blackstone, the world’s biggest private-equity firm, and GIC will each buy 28.5 percent of the shares in Rothesay Life Ltd., a London-based insurer run by Goldman Sachs partner Addy Loudiadis, Goldman Sachs said in a statement today. Massachusetts Mutual Life Insurance Co. will also buy 7 percent, and Goldman will retain 36 percent. The price wasn’t disclosed………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 18687 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
May 2016
M T W T F S S
« Apr    
 1
2345678
9101112131415
16171819202122
23242526272829
3031