GA Trade Mar-Apr interactive - page 5

Gores Group Acquires Ger-
man Building Materials Firm
Global investment firm Gores Group
has agreed to acquire Melle Dach-
baustoffe GmbH and SIG Deutsche
Dachbaustoffe GmbH from SIG plc, a
leading distributor of building
products in Europe. The Gores Group
will invest through its Small Capital-
ization Partners investment fund.
Both companies are market-leading
specialist distributors of roofing
products to the German market. The
companies maintain an extensive
multi-region branch network with a
comprehensive product and service
offering and excellent relationships
with their customers and suppliers.
German Business Morale Hits
Highest Level since Mid-2011
German business morale hit its
highest level in 2.5 years in January,
and the Bundesbank said growth in
Europe's largest economy would
accelerate in the first quarter. The
Munich-based Ifo think tank's
closely-watched business climate
index, based on a monthly survey of
some 7,000 firms, rose for a third
straight month to 110.6. Ifo econo-
mist Klaus Wohlrabe said the strong
survey suggested that the German
economy could grow by 0.5 percent
in the first three months of the year,
roughly double the rate expected for
the fourth quarter.
RWE Expands LNG to U.S.
Gas Trade as Banks Exit
Commodities
RWE AG is building its trading
operations from New York to
Singapore in a bid to gain market
share as banks exit physical com-
modities markets. The trading arm of
Germany’s second-biggest utility
plans to buy and sell U.S. natural gas
from its New York office and may
increase staff from 10 people
currently, according to Andree
Stracke, its head of global gas and
LNG origination. Last year, the Essen,
Germany-based company opened
offices in Jakarta and Mumbai and
hired traders in Singapore for
liquefied natural gas, coal and
Australian power.
T R A N S A T L A N T I C T I C K E R
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German American Trade Mar/Apr 2014
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