Berenberg and Bankhaus Lampe set to sell Universal Investment

Universal Investment, Germany’s fifth largest fund provider, is set to be sold, German financial media report.

According to Börsen Zeitung, shareholders Berenberg and Bankhaus Lampe are planning to sell the asset management business, with the deposit business line of BNP, BNP Paribas Securities Services and BlackRock named as potential buyers, however, the latter denied that it was planning an acquisition.

Berenberg increased its share in Universal Investment to 50% four years ago, the business, which covers about 275 bn in assets under administration of which 225bn in funds structures, it is now half owned by Berenberg and half by Bankhaus Lampe.

Neither Berenberg nor Bankhaus Lampe were available to comment on the reports.

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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