GIC Global Industrial Company

Goldman Sachs Group Inc. (GS) is in talks to sell a majority of European insurance unit Rothesay Life to Singapore sovereign wealth fund GIC Pvt Ltd. and Blackstone Group LP (BX), Bloomberg News reported Friday, citing a person with knowledge of the transaction.

GIC and Blackstone may buy 30% each, and Massachusetts Mutual Life Insurance Co. could buy a 6% stake, Bloomberg reported.

A Thursday report in the Insurance Insider said Goldman has reached a deal to sell a majority Rothesay stake to GIC, Blackstone and MassMutual.

Full story at http://www.bloomberg.com/news/2013-09-06/goldman-said-in-talks-with-gic-blackstone-on-rothesay-stakes.html

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