Deals
Deutsche’s DWS, Generali Said to Vie for NN’s Asset Manager
- Business also attracts initial interest from UBS, Allianz
- NN Investment Partners has 300 billion euros under management
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DWS Group and Assicurazioni Generali SpA are among suitors that submitted initial bids this week for the asset management arm of NN Group NV, people familiar with the matter said.
The unit, known as NN Investment Partners, has separately attracted early interest from UBS Group AG and Allianz SE, the people said. Several other international asset managers, including some U.S. firms, are also pursuing a deal, according to the people, who asked not to be identified because the information is private.