On January 22, 2016, ASR Nederland announced it will acquire asset manager BNG Vermogensbeheer from BNG Bank.
ASR Nederland (“ASR”), one of the Netherlands’ biggest asset managers, will acquire the nearly € 5 billion portfolio of BNG Vermogensbeheer (“BNGV”), an asset manager in the public sector.
BNGV’s entire team of ten full-time equivalents will become a part of ASR’s Group Asset Management Division and will continue to service BNGV’s existing clients.
The transaction is expected to close in the second quarter of 2016 and is subject to regulatory approval. The purchase price has not been disclosed.
To read the full press release: please click here.