Two parties are vying for control of your online platform.
In recent developments, the NN Group, parent company of NN Investment Partners (NNIP), has received two binding purchase offers for the sale of its investment arm, as reported by Handelsblatt. However, no specific details about the potential buyers have been disclosed.
The NN Group is currently reviewing the bids, with a decision regarding the sale to be made at a later stage. It's worth noting that the report cites well-informed sources.
Interestingly, Swiss bank UBS, US insurer Prudential Financial, and asset manager Nuveen were initially reported to have shown interest in NNIP. However, they have since withdrawn from the bidding process. No comments have been made by these three parties regarding their involvement or reasons for withdrawal.
DWS and Goldman Sachs Asset Management are named in some external reports as potential buyers for NNIP. While DWS primarily aims to grow independently, it is not averse to acquiring competitors. The involvement of these two companies in the potential purchase has not been confirmed by the NN Group.
The current statements of DWS can be found on its website, but it has not commented on its involvement in the withdrawal of the potential bidders. Similarly, no comments have been made by Goldman Sachs Asset Management regarding the sale of NNIP or their potential involvement in the bidding process.
As the NN Group continues its review of the bids, the future of NN Investment Partners remains uncertain. The public will await further updates from the NN Group on the progress of the sale and the identity of the potential buyers.
The NN Group is contemplating the financial implications of potential retirement for NN Investment Partners (NNIP) as they assess the binding purchase offers from several parties. The future of NNIP might hinge on the financial worth offered by prospective buyers such as DWS and Goldman Sachs Asset Management, with DWS demonstrating an interest to acquire competitors to fuel its growth.
