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

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 awebb25@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

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