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Goldman Sachs to buy NNIP from NN for 1.7 billion euros

AMSTERDAM, Aug 19 (Reuters) - NN Group said on Thursday Goldman Sachs will buy NNIP, the Dutch insurer’s investment arm, for 1.7 billion euros ($1.98 billion).

Additionally, the companies will enter a 10-year strategic partnership under which Goldman will provide the Dutch firm investment advice, NN said in a statement. ($1 = 0.8565 euros) (Reporting by Toby Sterling; Editing by Jacqueline Wong)

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