Goldman Sachs sold its 32.7% stake in Rothesay Life

Goldman Sachs has sold its remaining stake in British pensions insurance business Rothesay Life to a trio of existing investors a decade after setting up the company. Blackstone Group, Massachusetts Mutual Life Insurance Company and Singapore sovereign wealth fund GIC have agreed to buy out Goldman’s 32.7 percent stake for an undisclosed sum. “We look forward with confidence to taking advantage of the considerable growth opportunities we see in the sector,” Addy Loudiadis, Rothesay Chief Executive.