Singapore sovereign-wealth fund GIC Pte. Ltd. and Massachusetts Mutual Life Insurance Co. have agreed to buy Blackstone Group Inc.'s stake in a U.K.-based insurer in a transaction valuing the company at 5.75 billion pounds ($7.39 billion). "GIC Consortium to Buy Blackstone's Stake in Rothesay Life Valued at $7.39 Bln," at 0815 GMT, incorrectly said the transaction was valued at $7.39 billion in the headline and lede.

(END) Dow Jones Newswires

September 30, 2020 05:24 ET (09:24 GMT)

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