Friday, 4 September 2009

Activum SG: British want to buy in Germany, not in U.K.

04.09.2009 Thomas Daily reports:

The British fund manager Activum SG is focusing on acquisitions in Germany. Purchases will be made on the European continent – especially in Germany – amounting to a total of €400mn during the next three years, declared Saul Goldstein, the founder and business director of the Jersey based firm, in an interview with the Reuters news agency. Germany, he explained, offers better opportunities than Great Britain: the German market is profitable because a prominent buyer group – the “high leveragers” – has been beset by problems in recent years, whereas in Great Britain, at the moment, too many investors are hunting for bargains. Besides, he added, the market correction on the island is still far from over, owing to the weakness of the national economy there.


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