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Singapore, MassMutual snap up Goldman stake in £2bn Rothesay Life

An Asian sovereign wealth fund and American insurance giant are to pay Goldman Sachs hundreds of millions of pounds for its stake in Rothesay Life, the UK pensions buyout firm it founded a decade ago.

Sky News has learnt that the Government Investment Corporation of Singapore (GIC), MassMutual and Blackstone, the private equity giant, will announce a deal early next week to buy Goldman’s 33% stake in Rothesay.

The transaction is expected to value Rothesay at about £2bn, although that figure is not expected to be disclosed, according to a source close to one of the shareholders.

Source: Sky

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