Wüstenrot & Württembergische (W&W)

Type
Merger/Acquisition
Country
Germany
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
600 jobs
Number of planned job creations
Job creation
Announcement Date
29 March 2006
Employment effect (start)
Foreseen end date

Description

The financial insurance group, Wüstenrot & Württembergische (W&W), announced the expansion of its network of sales partners in Germany. By 2007, 600 new agents should strengthen the competitiveness and the market position of W&W. The expansion in distribution is part of the restructuring programme that results from the acquisition of the Karlsruher Versicherungsgruppe in last autumn.

Sources

  • 30 March 2006: Handelsblatt

Citation

Eurofound (2006), Wüstenrot & Württembergische (W&W), Merger/Acquisition in Germany, factsheet number 63266, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63266.