Chairman Chaim Katzman told "Bloomberg" that European assets currently offer better value than US assets.
After acquiring Norwegian property company sector Gruppn yesterday for NIS €1.5 billion yesterday, Israel's Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT; TSX: GZT) has told "Bloomberg" it is looking for more Nordic acquisitions.
Gazit-Globe chairman Chaim Katzman said, "The Nordics present great opportunity given transparency, rule of law, the strength of the currencies, the strength of the economies, these are AAA rated economies. Many international investors don’t recognize all these things. We plan to expand in Denmark. Denmark is definitely on our radar screen.”
Katzman also told "Bloomberg" that he prefers investments in Europe over the US. "The ECB policy by Draghi and the decline of the euro makes Europe much more attractive and gives Europe opportunity to revamp its industrial and touristic base. I don’t think Europe is going away anytime soon. There’s more opportunity here than in the US.”
Published by Globes [online], Israel business news - www.globes-online.com - on May 26, 2015
© Copyright of Globes Publisher Itonut (1983) Ltd. 2015
Chaim Katzman picture: Gil Lavi