FRANKFURT (Thomson Financial) - Deutsche Lufthansa AG. is considering acquisitions on top of a possible stake in BMI, chief financial officer Stephan Gemkow told Frankfurter Allgemeine Zeitung in an article to be published Monday.
He said that there are also interesting targets outside the Star Alliance, adding that the company is capable of shouldering bigger acquisitions.
In April, Gemkow had said the company is 'determined' to use its option to obtain a majority stake in carrier BMI.
German flag carrier Lufthansa holds a stake of 30 percent minus one share in BMI, BMI's chairman Sir Michael Bishop holds 50 percent plus one share, and rival SAS AB holds the remaining 20 percent.
Bishop has a 'put' option to sell his stake in the company, and Lufthansa holds a 'call' option to buy out Bishop between Dec. 2008 and June 2009. christoph.steitz@thomsonreuters.com cs1/jag COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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