Goldman Sachs to Buy NN Investment Partners

Goldman Sachs Group agreed to buy the asset-management arm of NN Group NV, handing the Dutch insurer cash proceeds of EUR 1.7bn.

Goldman Sachs logo | Photo: BRENDAN MCDERMID/REUTERS / X90143

By Joost Akkermans / BLOOMBERG

Closing of the deal for NN Investment Partners is subject to customary conditions and is expected to take place by the first quarter of 2022, NN said in a statement on Thursday. Satish Bapat, Chief Executive Officer of the investment arm, will step down from NN's management board with immediate effect and continue to lead NN Investment Partners.

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Goldman Sachs to Buy NN Investment Partners

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Further reading

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