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Goldman Sachs Buys British Motor Insurer

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Publish date: Wed, 09 Oct 2013, 08:15 AM
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From Liston Street Pulse:

Goldman Sachs (GS) has acquired a 50% stake in privately-held British automobile insurance firm, Hastings, in a deal valued at 700 million pounds ($1.13 billion). The bank's merchant banking unit will finance the purchase through a combination of equity and debt-financing. The remaining 50% stake will be retained a team, […]

The post Goldman Sachs Buys British Motor Insurer appeared first on Liston Street Pulse.

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