Wüstenrot Bausparkasse to acquire Aachener Bausparkasse

In This List

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks

14 Dec, 2018

Author Vanya Damyanova
Theme Banking Insurance

Wüstenrot Bausparkasse AG, a unit of German insurance group Wüstenrot & Württembergische AG, will take over Aachener Bausparkasse AG, the companies said Dec. 13.

Confidentiality has been agreed on the price of the deal, which is pending regulatory approvals.

Wüstenrot Bausparkasse is the second-largest building society in Germany, with an annual gross new business volume of some €13.6 billion per year. The acquisition of Aachener Bausparkasse will increase the annual business volume of the group by an amount in the triple-digit-million-euro range.