November 28 of last year saw the eighth event in the “Kapitalmarkt Kreis Köln” series of events. The guest speaker was Thomas Treß, Chief Financial Officer of Borussia Dortmund. Having explained the strategy driving his Bundesliga club’s success on the pitch and on an economic level, the CFO answered numerous questions relating to soccer clubs’ potential and performance in the stock market.
Two years ago IR.on AG and the law firm Heuking Kühn Lüer Wojtek launched this series of regular events providing a platform for the exchange of ideas under the title “Kapitalmarkt Kreis Köln”. The objective is to establish a platform for dialogue between capital market participants and interested parties from the region and to promote the stock market’s role as a financing channel for companies. High-profile guests kick off these mid-day events by delivering a short presentation on a topical subject related to financing and the capital market. The approximately 30 guests include entrepreneurs, bankers, lawyers, public accountants and management consultants from the Cologne area.
“The resoundingly positive response from participants demonstrates that there is no comparable platform in the region and that our carefully selected topics meet with great interest. This motivates us to continue this series in the future,” concludes Fabian Kirchmann, managing partner at IR.on AG.
The past eight events saw presentations and discussions of numerous aspects of the capital market including recently issued equities, bonds and profit-sharing certificates as well as such topics as “Municipal finance”, “Ratings”, “The euro and inflation” and “The Cologne carnival celebrations as an economic factor”.
Here is an overview of the speakers and topics of the past two years:
Thomas Treß, Managing Director of Borussia Dortmund, explained the strategy driving the Bundesliga Club’s success on the pitch and on an economic level.
Harald Riedel, Treasurer of the City of Nuremberg, reported on the successful placement of a EUR 100 million bond issued jointly with the city of Würzburg. This municipal bond was the first ever instrument of this type issued jointly by two cities, thereby potentially pointing out a way forward for other cities.
Jörg Funke, Commercial Director of BUTLERS, related his company’s experience in issuing profit participation certificates as an alternative to conventional bank loans. The furniture and accessories seller was one of the first German retailers to offer profit participation certificates via a dedicated online platform.
Dr. Thomas R.G. Berger, Chairman of the Management Board of KTG Energie, reported on the company’s 2012 flotation, which was the first 2012 IPO in Germany, and pointed out the opportunities and challenges facing medium sized issuers.
Jens Wächter, Head of Accounting and Finance at the Seidensticker Group, shared the experience gained from the company’s EUR 30 million SME bond issue in March 2012.
Dr. Michael Munsch, member of the Management Board of Creditreform Rating, explored the question whether the influence of the three international rating agencies, i.e. S&P, Moody’s and Fitch, in Europe should be counterbalanced by setting up a local European rating agency.
Raimund Brichta, economics journalist, book author and presenter of n-tv Telebörse since 1992, presented a paper entitled “Euro turmoil, inflation? – The end game for our money“.