Goldman Sachs acquires NN Investment Partners for $1.85 billion

2022.04.11 09:51

FILE PHOTO: The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermid/File Photo

LONDON (Reuters) – Goldman Sachs (NYSE:GS) said on Monday it has acquired Netherlands-based asset manager NN (NASDAQ:NNBR) Investment Partners from NN Group for 1.7 billion euros ($1.85 billion).

NN Investment Partners will be integrated into Goldman Sachs Asset Management. The acquisition of the firm, which has more than 900 employees, brings Goldman Sachs’ assets under supervision to approximately 2.8 trillion dollars.

($1 = 0.9185 euros)

Source