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BNP Paribas buys majority stake in Dutch firm Dynamic Credit Group

by Wanda Rich
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2021 09 15T065354Z 1 LYNXMPEH8E08N RTROPTP 4 EUROPE BANKS

PARIS (Reuters) – BNP Paribas Asset Management has agreed to buy a majority stake in Dynamic Credit Group, an Amsterdam-based asset manager and specialist lender with 9 billion euros ($10.6 billion) of assets under management, the companies said on Wednesday.

BNP Paribas said allow Dynamic Credit access to a larger distribution network. The price of the acquisition was not disclosed.

($1 = 0.8474 euros)

(Reporting by Sudip Kar-Gupta; editing by Jason Neely)

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