Wüstenrot & Württembergische AG
Wüstenrot & Württembergische AG: W&W AG to be listed on the SDAX
DGAP-News: Wüstenrot & Württembergische AG / Key word(s): Miscellaneous Effective 21 March 2016, Wüstenrot & Württembergische AG (W&W AG) will be listed by Deutsche Börse AG on the SDAX. The index is composed of 50 companies that rank directly below stocks in the MDAX in terms of free-float market capitalisation and book volume. With a free-float market capitalisation of approximately EUR 360 million and a monthly order book volume of more than EUR 26 million, W&W AG will be joining the large stocks in the SDAX and thus also be given corresponding weight in various index funds. The Stuttgart-based financial services company currently ranks 80th in terms of free-float market capitalisation and 87th in terms of trading volume out of 110. Inclusion in the SDAX is determined by the so-called 110/110 rule, i.e. only publicly listed companies that, in terms of both free-float market capitalisation and trading volume, are among the 110 largest companies after those in the DAX are eligible for inclusion. Dr Alexander Erdland, Chairman of the Executive Board of W&W AG, comments: “The inclusion in the SDAX is a historical moment in the history of W&W. A new chapter has thereby begun for our share.” Dr Michael Gutjahr, Chief Financial Officer of W&W AG underlines the contribution of the staff to this success: “We are very pleased to be included in the SDAX. This will give a further boost to the interest in our stock and enable us to expand our presence on the capital markets.” The anchor shareholder of W&W AG is Wüstenrot Holding with 66.57% of the voting shares. Horus Finanzholding holds 13.48% of the shares, with the remaining 19.95% in free float. Since 1 December 2015, W&W AG shares have been traded on the Prime Standard. W&W AG, headquartered in Stuttgart, Germany, is the strategic management holding company for the W&W Group. The W&W Group was founded in 1999 after the merger of the companies Wüstenrot and Württembergische. The “Home Loan and Savings Bank” division includes, inter alia, Wüstenrot Bausparkasse AG and Wüstenrot Bank AG Pfandbriefbank. In terms of gross new home loan business, Wüstenrot Bausparkasse AG is Germany’s second largest home loan and savings bank. The “Insurance” division includes, inter alia, Württembergische Lebensversicherung AG and Württembergische Versicherung AG. These two companies are among the top 15 in the German insurance industry. This unique combination means that the W&W Group can meet all of the precautionary financial needs of its approximately 6 million customers from one source. In 2015 the Group posted record net income of EUR 274 million. Germany is its core market. Outside Germany, the Group maintains a strategic focus on the Czech Republic.
2016-03-04 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Wüstenrot & Württembergische AG | |
Gutenbergstrasse 30 | ||
70176 Stuttgart | ||
Germany | ||
Internet: | www.ww-ag.com | |
ISIN: | DE0008051004 | |
WKN: | 805100 | |
Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf | |
End of News | DGAP News Service |