3 May 2017
Clifford Chance advises J.P. Morgan on sale of shares in capital of NN Group N.V. by FNO
Clifford Chance Amsterdam advised J.P. Morgan Securities plc, acting as Sole Bookrunner on the offering and sale of approximately 8.7 million shares in the capital of the Euronext listed insurance and asset management company NN Group N.V. ("NN Group") by the Dutch non-profit foundation Stichting Fonds NutsOhra ("FNO") through an accelerated bookbuilding process. Following the transaction, FNO no longer has a remaining ownership interest in NN Group. The sold NN Group shares were priced at EUR 30.00, resulting in EUR 262.5 million gross proceeds for FNO. The transaction was settled on 28 April 2017.
The Clifford Chance team was led by Hans Beerlage and Han Teerink out of Amsterdam and furthermore consisted of Evert van der Kaa, with Frankfurt-based Barbora Moring and George Hacket advising on matters of U.S. law and London-based Simon Thomas and Sara Deering advising on matters of English law.