Wüstenrot & Württembergische AG

Wüstenrot & Württembergische AG

Wüstenrot & Württembergische AG

Overview
Date Founded

1999

Headquarters

Gutenbergstrasse 30, Stuttgart, 70176, DEU

Type of Company

Public

Employees (Worldwide)

7,666

Industries

Retail & Commercial Banking
Insurance: Life & Health

Company Description

Wüstenrot & Württembergische AG engages in the provision of banking and insurance products and services. It operates through the following segments: Home Loan and Savings Bank; Life and Health Insurance; and Property and Casualty Insurance. The Home Loan and Savings Bank segment includes a range of home loan savings, as well as banking products for private customers. The Life and Health Insurance Insurance segment offers a variety of life and health insurance products for individuals and groups, including classic and unit-linked life and annuity insurance, term life insurance, classic and unit-linked Riester pension and basic pension, occupational disability insurance as well as private health insurance and nursing care insurance. The Property and Casualty Insurance segment involves insurance products for private and corporate customers including general liability, casualty, motor, household, residential building, legal protection, transport, and technical insurance. The company was founded in 1999 and is headquartered in Stuttgart, Germany.

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Information Officer

Director & Head-Controlling Compliance

Head-Investor Relations

Head-Communications & Press Relations

In-House Counsel

In-House Counsel

In-House Counsel

In-House Counsel

Board of Directors

Chief Financial Officer at Wüstenrot & Württembergische AG

Director & Head-Controlling Compliance at Wüstenrot & Württembergische AG

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Owners & Shareholders
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PAM aims to achieve consistent return while minimizing risks. The firm manages a wide range of investment accounts with differing risk profiles and return characteristics.

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GS&P is an active, long-term manager which utilizes a quantitative investment approach to create sustainable value for investors.The firm constructs diversified portfolios, aiming to select an appropriate mix of stocks, bonds and liquidity by taking into account economic and market-specific conditions. They select stock based on the fundamental worth of a company and only invest where growth and profitability are secured through stable entrepreneurial practices. The same standards are also applied to fixed-income securities, which they employ to stabilize their portfolios.

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FPS is an active investor and manages portfolios invested in European equity and fixed-income with a strong focus on German, Austrian and Swiss securities. The firm invests in both value and growth stocks, but also in distressed securities and pre-IPOs.

Recent Transactions
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Oldenburgische Landesbank AG, Grovepoint Investment Management, Apollo Global Management, Inc. /Private Equity purchase Wüstenrot Bank AG Pfandbriefbank from Wüstenrot & Württembergische AG

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Wüstenrot & Württembergische AG, Wüstenrot Bausparkasse AG purchase Aachener Bausparkasse AG

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Wüstenrot & Württembergische AG purchases Treefin AG

Transaction Advisors
Legal Advisor

Advised onOldenburgische Landesbank AG, Grovepoint Investment Management, Apollo Global Management, Inc. /Private Equity purchase Wüstenrot Bank AG Pfandbriefbank from Wüstenrot & Württembergische AG

Accountant

Advised onTowergate Underwriting Group Ltd. purchases Folgate Insurance Co. Ltd. from Wüstenrot & Württembergische AG

Legal Advisor

Advised onAllianz SE, Allianz pojistovna AS purchase Wüstenrot & Württembergische AG /Czech Insurance Ops from Wüstenrot & Württembergische AG

Legal Advisor

Advised onOldenburgische Landesbank AG, Grovepoint Investment Management, Apollo Global Management, Inc. /Private Equity purchase Wüstenrot Bank AG Pfandbriefbank from Wüstenrot & Württembergische AG

Legal Advisor

Advised onOldenburgische Landesbank AG, Grovepoint Investment Management, Apollo Global Management, Inc. /Private Equity purchase Wüstenrot Bank AG Pfandbriefbank from Wüstenrot & Württembergische AG

Attorney

Advised onAllianz SE, Allianz pojistovna AS purchase Wüstenrot & Württembergische AG /Czech Insurance Ops from Wüstenrot & Württembergische AG

Clients

DenizBank was founded in 1938 as a state-owned bank in order to provide funding for the developing Turkish maritime sector. Acquired by Zorlu Holding from the Privatization Administration as a banking license in early 1997, DenizBank was further acquired in October 2006 by Dexia, a leading financial group in Europe. Continuing its activities under Dexia umbrella for 6 years, DenizBank operates as from 28 September 2012 under the roof of Sberbank, the biggest and deepest-rooted bank in Russia. Following privatization in 1997, parallel to its new corporate identity, the Bank implemented a “return to life” program that encompassed recruitments and new branch openings. These initiatives were undertaken in line with a five-year strategic plan; subsequently, all objectives in the plan were accomplished. This growth was supported by the acquisition of some of the branches that were transferred to the Savings Deposit Insurance Fund and the acquisition of Tarisbank by the Group at the end of 2002. In order to complement its existing banking products and services, DenizBank also acquired factoring, leasing, investment and asset management companies as well as banks in Austria and Russia. Thanks to the support of its solid capital base and financial strength as well as the rapid growth of the overall banking sector, DenizBank reinforced its existing market position in a very short time. DenizBank Financial Services Group was formed in 2003 to create a financial supermarket able to offer various financial services under the same roof. All contemporary financial services under one roof In addition to DenizBank, DenizBank Financial Services Group (“the Group”) consists of six domestic and three international financial subsidiaries, four non-financial domestic subsidiaries, and a branch in Bahrain. DenizYatirim Securities, EkspresInvest Securities, DenizInvestment Trust, DenizPortfolio Management, DenizLeasing, DenizFaktoring, Intertech, DenizKültür, Bantas and PUPA are the domestic subsidiaries of the Group; while EuroDeniz, DenizBank AG and CJSC DenizBank Moscow are the international subsidiaries. The primary segments the Group focuses on are retail customers, small and medium-size enterprises, exporters, public and project finance and commercial and corporate clients. The Group also operates in niche markets such as agriculture, energy, tourism, education, healthcare services, infrastructure and maritime. The Group operates in European Union countries through its Vienna-based subsidiary DenizBank AG. CJSC DenizBank Moscow provides services to customers engaged in commerce with Russia and serves a variety of their financial requirements. DenizBank Financial Services Group consolidated its operations along with financial control and accounting functions at the head office and transformed DenizBank branches into marketing centers, allowing the Bank to keep the number of employees at the optimum level while increasing operational efficiency. The Group possesses a service network that reaches all segments of the society throughout Turkey. In addition to the 610 domestic DenizBank branches, including one in Bahrain, DenizBank AG and CJSC DenizBank Moscow have 14 branches in total. In addition, thanks to its Alternative Distribution Channels, DenizBank enables both individual and corporate customers all over the world to carry out financial transactions over the internet

Key Stats and Financials As of 2020
Market Capitalization
$2.04B
Total Enterprise Value
$6.31B
Earnings Per Share
$2.51
Enterprise Value / Sales
0.81x
TEVNet Income
26.79x
Debt TEV
0.72x
Three Year Compounded Annual Growth Rate Of Revenue
3.54%
Revenue
$7.78B
Total Equity
$5.71B
Total Debt
$4.53B
Net Profit
$236M
Investments
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