Goldman Sachs has acquired U.K pension insurer, Paternoster, Financial Times reports. The lender’s U.K. insurance unit, Rothesay Life, will pay around £260 million for the acquisition, adds Professional Pensions. Deutsche Bank, which currently holds a 40% stake in London-based Paternoster, accepted the buyout offer. Goldman will not immediately combine the firm with its Rothesay Life subsidiary.
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