Goldman Sachs could pocket 400% return on Hastings investment
Goldman Sachs could bank a return of 400% on its stake in Hastings following the UK motor player’s stock market floatation next month, if investors respond as expected, according to reports.
Hastings revealed its intention to launch an initial public offering yesterday (15 September), two years after Goldman Sachs' private equity arm paid £150m for a 50% stake in the company.
The listing
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