GBW and Dawonia: Which investors will benefit from the exploitation – Munich

In 2013, the 32,000 formerly state-owned apartments went to a consortium of insurance companies, pension funds and savings banks. But the investors are playing a game of hide and seek about their apparently very profitable investment. A search for clues.

A savings bank is not a normal bank, but a municipally owned financial institution with a public mandate, sometimes even including climate protection. And insurance operated by savings banks is not normal insurance. “As one of the major public insurers, we stand for security and proximity,” says Sparkassen-Versicherung (SV) about its claim. But how can it be that the SV then benefits from at least questionable real estate transactions in Munich? Even more so where the insurance company, which is supported by savings bank organizations in Baden-Württemberg, Rhineland-Palatinate, Hesse and Thuringia, formulates noble claims.