Goldman Sachs buys Dutch money manager NN Investment Partners for $1.9 bn

Goldman Sachs Group Inc. agreed to buy the asset-management arm of Dutch insurer NN Group NV as the bank grabs a toehold in the fast-growing sustainable-investing industry and boosts its European ties. 
 

The US lender will pay about 1.6 billion euros ($1.9 billion) for NN Investment Partners, according to a statement Thursday. The unit has around $355 billion of assets under supervision, with about three-quarters of its investments backed by environmental, social and governance criteria.

NN’s sustainability effort “mirrors our own level of ambition to put responsible investing and stewardship at the heart of our business,” Goldman Sachs Chief Executive Officer