Bloomberg News

Lufthansa Says Won’t Revive Acquisition Strategy to Bid for SAS

March 01, 2012

Deutsche Lufthansa AG (LHA) said it won’t depart from a strategy of focusing on existing businesses in order to pursue a bid for SAS AB (SAS) even if a competitor expresses an interest in buying the Scandinavian carrier.

“The company’s acquisitions policy has not changed,” Lufthansa spokesman Aage Duenhaupt said from Frankfurt.

Danish newspaper Jyllands-Posten reported earlier that Lufthansa might “take another look” at Stockholm-based SAS should competitors seek to bid, citing Harro Julius Petersen, the German company’s manager for Scandinavia and the Baltics.

To contact the reporter on this story: Alex Webb in Frankfurt at

To contact the editor responsible for this story: Chad Thomas at

Silicon Valley State of Mind

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus