# BNP Paribas buys majority stake in Dutch firm Dynamic Credit Group
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2021-09-15
Category: Business
Category URL: https://fintechherald.com/category/business
Meta Title: BNP Paribas Asset Management to Acquire Majority Stake in Dynamic Credit Group
Meta Description: BNP Paribas Asset Management announces deal to buy 9 billion euros worth of assets from Dynamic Credit Group, expanding distribution network.
URL: https://fintechherald.com/bnp-paribas-buys-majority-stake-in-dutch-firm-dynamic-credit-group

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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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