Bertelsmann, the German media group, says it could sell stakes in the parent company or one of its units to fund “major” acquisitions in digital media, education or business information.
Sources from a two-day management meeting say that Bertelsmann hopes to use a mix of loans, equity and partnerships to heave the company from years of treading water.
The group, which saw sales grow 1.2 per cent to €15.3bn last year, wants to exceed 5-6% top-line growth – including acquisitions – over the next three to eight years, according to participants.
The CEO of BMG Rights Management co-parent Bertelsmann Thomas Rabe has already 'underlined’ the company’s interest in acquiring EMI assets in the fallout of Universal’s £1.2bn acquisition of EMI Music.
Source: Financial Times