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Goldman Unit Buys £260M Paternoster

Goldman Sachs has acquired U.K pension insurer, Paternoster.

    Goldman Sachshas acquired U.K pension insurer,Paternoster,金融时报》reports. The lender’s U.K. insurance unit,Rothesay Life, will pay around £260 million for the acquisition, addsProfessional 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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