NN Group considering strategic options for money management unit

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NN Investment Partner’s parent company is reviewing strategic options for the money management business that may include a merger, joint venture or some type of divestment.

NN Group said Monday it was reviewing the options as part of its “regular and thorough assessment of its individual businesses, in line with our aim to pursue long-term value creation that is beneficial to all stakeholders,” a news release said.

The review of the €300 billion ($359.4 billion) manager is aimed at assessing opportunities to create a broader platform for NN IP, accelerating its growth.

NN Group will update the market “if and when appropriate,” the release said.

A spokesman could not immediately be reached for comment.