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DWS Group and Generali SpA compete for NN Group asset management arm

Several companies submitted bids for the acquisition of NN Investment Partners.

A view through the roof of Deutsche Bank's headquarters. | Photo: Deutsche Bank

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 US firms, are also pursuing a deal, according to the people, who asked not to be identified because the information is private.

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