Goldman Sachs to Buy Paternoster for $406 Million, FT Says

Goldman Sachs Group Inc., through its Rothesay Life insurance unit, has completed an agreement to buy out all shareholders in Paternoster U.K. Ltd. in a 260 million-pound ($406 million) deal that will add more than 3 billion pounds of assets to the investment bank’s pensions business, the Financial Times reported, without saying where it got the information. The deal will be announced today, the newspaper said.