Goldman Sachs in talks over major bid for Hastings
An arm of Goldman Sachs is in advanced talks concerning a potential bid for a major stake in Hastings Insurance, according to reports.
Sky News has said that one of Goldman's private equity funds has entered exclusive negotiations in recent days about buying a minority shareholding in the car insurer.
It claimed that sources close to the discussions have said that the bank's GS Capital Partners operation was likely to invest around £150m for the stake.
The Hastings board is also in the final stages of planning to raise more than £400m through a new bond that will enable the company's shareholders to realise part of their
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