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GIC & MassMutual complete acquisition of Blackstone’s shareholding in Rothesay

Rothesay is pleased to announce that the transaction by GIC and Massachusetts Mutual Life Insurance Company with funds managed or advised by Blackstone’s Tactical Opportunities business (“Blackstone”) to acquire Blackstone’s 36% shareholding in Rothesay completed on Tuesday, 1st December 2020. The transaction values the Rothesay Group at £5.75bn.

Full details of the agreement can be found here