West German merger firm opens US branch
Foreign investors continue to scrutinize the US industrial horizon with high-powered binoculars. Latest to join the active analysts is Angermann Inc., European specialists in real estate mergers and acquisitions, with an office in Los Angeles.
The firm, an offshoot of Hamburg's Horst F. G. Angermann, West Germany's largest real estate brokerage organization, with 1982 sales volume of $36 million, expects to deal in US properties for overseas clients.
The move by this company accentuates the trend for more and more foreigners to continue to invest here. Last month the US Department of Commerce issued figures showing that foreign investors spent $19.2 billion to acquire or establish businesses in the United States. This was a 57 percent increase from 1980.