Goldman Sachs Acquires NN Investment Partners For $1.9B: Reuters

by Shivani Kumaresan, Benzinga Staff Writer

April 11, 2022 7:42 AM | 1 min read |

Goldman Sachs Group Inc GS has acquired Netherlands-based asset manager NN Investment Partners for €1.7 billion ($1.9 billion), Reuters reported.
Goldman expects to expand its asset management footprint in Europe and increase its sustainable investment capabilities through the acquisition.
NN Investment Partners, formerly part of NN Group, will be integrated into Goldman Sachs Asset Management (GSAM).
"This acquisition advances our commitment to putting sustainability at the heart of our investment platform," the report quoted David Solomon, chairman, and chief executive of Goldman Sachs.
Price Action: GS shares are trading higher by 0.03% at $321.50 in premarket on the last check Monday.
Photo via Pixabay

Posted In: News Media General Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.