Goldman To Sell Majority Stake In UK-Based Rothesay Life

Law360, Los Angeles (August 8, 2013, 8:30 PM EDT) -- Goldman Sachs Group Inc. has classified its European insurance business within its institutional client services segment as for sale and will likely sell a majority stake in the business within a year, according to Thursday filing with the U.S. Securities and Exchange Commission.

Goldman established UK-based Rothesay Life in 2007 as a regulated insurance company focused primarily on the UK defined-benefit pension risk transfer market and has executed several innovative and unique transactions in the UK market and in other European markets, according to its website....
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