Insurance Post

Hastings staff to pocket windfall as Goldman Sachs deal is completed

Bag of money

Goldman Sachs Merchant Banking Division has signed off on a deal to acquire 50% of the voting share capital in Hastings Insurance Group.

Details of the deal, which values Hastings at around £700m, first emerged in October last year when it was also revealed that approximately 80% of the Bexhill-based firm's 1500 workforce held shares

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