Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

BMP AG May Buy Majority of TFG Capital AG, Chief Executive Says

BMP AG, a German venture capital firm, may buy control of TFG Capital AG to step up cooperation between the two companies, BMP's Chief Executive Oliver Borrmann said.

``The purchase of the majority of TGF is an option for us because the two companies would be more powerful together,'' Borrmann said in an interview today. ``We can also envision merging the two companies at some point in time.''

BMP, based in Berlin, said last week it is acquiring 12.5 percent of TFG Capital AG and said Borrmann was appointed to the management board of TFG with immediate effect. BMP's management board member Ralph Guenther, responsible for business development, also joined TFG's management board. ``That construction already shows that both companies can and should act as a single unit,'' Borrmann said today.

The company aims to expand in Germany and Poland in the coming years as the venture capital market ``is definitely improving,'' Borrmann said. ``In both markets, it's currently possible to make excellent investments for a good price.''

The chief executive said new business and the expansion should help the company's share price to ``stabilize.'' Shares of BMP, which concentrates on venture capital and management consulting services for companies primarily in the information and communications markets, rose as much as 11 cents, or 6 percent to

1.96 euros today, and traded at 1.92 euros as of 4:25 p.m. in Frankfurt. The stock reached its highest price on March 17 in 2000 with 45.36 euros, after the company sold shares in 1999.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.