27.03.2018
Wüstenrot & Württembergische AG DE0008051004
DGAP-Adhoc: Wüstenrot & Württembergische AG: W&W AG sells Wüstenrot Bank AG Pfandbriefbank to BKB
DGAP-Ad-hoc: Wüstenrot & Württembergische AG / Key word(s): Disposal
Wüstenrot & Württembergische AG: W&W AG sells Wüstenrot Bank AG
Pfandbriefbank to BKB
27-March-2018 / 11:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Wüstenrot & Württembergische AG (W&W) has agreed to sell its subsidiary
Wüstenrot Bank AG Pfandbriefbank to Bremer Kreditbank AG (BKB). At the same
time, the W&W Group has agreed with the bank under new ownership on an
extensive sales collaboration, enabling the reciprocal sale of the financial
products of both entities and the further strengthening of sales. The
agreement was signed by the two parties today. Closing is expected to take
place once the necessary regulatory approvals have been received. The
parties have agreed to keep the purchase price confidential.
W&W AG, which until now has held 100% of the shares of Wüstenrot Bank, had
explored future options for the institution over the course of 2017, without
any preconceived notions as to the outcome, in order to open up greater
growth opportunities for it. The ownership structure of Wüstenrot
Bausparkasse AG, which is affiliated with Wüstenrot Bank, will not be
affected by the current transaction.
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27-March-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Wüstenrot & Württembergische AG
Gutenbergstrasse 30
70176 Stuttgart
Germany
Internet: www.ww-ag.com
ISIN: DE0008051004
WKN: 805100
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Tradegate Exchange
End of Announcement DGAP News Service
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669185 27-March-2018 CET/CEST
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