Two businesses are presenting offers for the acquisition of our online platform.
NN Group, a Dutch insurance conglomerate, is currently reviewing two binding purchase offers for NN Investment Partners (NNIP), according to a report by the German newspaper Handelsblatt. The potential buyers named in the report are asset management firms DWS and Goldman Sachs Asset Management.
However, it's important to note that the current status of the review process for the purchase offers by DWS and Goldman Sachs Asset Management is not specified in the article.
Previous reports suggest that DWS, while primarily aiming to grow organically, is not opposed to acquiring competitors. Goldman Sachs Asset Management, on the other hand, is another potential player in the race for NNIP.
Interestingly, Swiss bank UBS, US insurer Prudential Financial, and asset manager Nuveen had shown interest in NNIP but ultimately withdrew from the bidding process.
NN Group has not provided any new comments regarding the potential acquisition of NNIP, while DWS has remained silent on the matter as well. The Handelsblatt reached out to Goldman Sachs Asset Management, UBS, Prudential Financial, and Nuveen for comments, but they have not responded.
It's worth mentioning that this is not the first time NNIP has been put up for sale. In recent years, NN Group has been exploring opportunities to sell its asset management arm as part of a broader strategy to focus on its insurance business.
NN Group will make a decision on the bids at a later stage. The exact timeline for the decision is not yet clear.
For the most current and specific information on this topic, we recommend consulting the Handelsblatt website directly or accessing recent financial news databases for exact details.
Other asset management firms, such as Swiss bank UBS, US insurer Prudential Financial, and asset manager Nuveen, previously showed interest in NN Investment Partners but withdrew from the bidding process.
Businesses in the finance sphere, like DWS and Goldman Sachs Asset Management, are potential players in the race for acquiring NN Investment Partners.
