Surprise transaction. Goldman Sachs will buy NN Investment Partners for 1.7 billion euros. It is the largest acquisition by the American bank since David Solomon became chief executive

Goldman Sachs Group, one of the largest investment banks on Wall Street, will buy NN Investment Partners, the asset management division of the Dutch insurer NN Group, thus expanding the US bank’s presence in Europe and opening access to the trend represented. sustainable investment, according to Bloomberg.

The US giant will thus buy NN IP for 2 billion dollars (about 1.7 billion euros), the acquisition will be completed in the first quarter of 2022. Satish Bapat, general manager of the investment division, will give up with immediate effect to the role he holds on the NN board, but will continue to lead NN Investment Partners.

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