Goldman Sachs Completes Global Atlantic Investment Offering
NEW YORK, May 1, 2013 – The Goldman Sachs Group, Inc. (NYSE: GS) today announced the closing of the private offering of shares of Global Atlantic Financial Group, which is the business formerly known as the Goldman Sachs Reinsurance Group. Institutions and high net worth clients of Goldman Sachs purchased a majority stake in Global Atlantic Financial Group. The firm retains a minority stake in the new company.
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
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