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BMW seeks to buy car-parts supplier-magazine

Sat Oct 13, 2007 7:47am EDT

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FRANKFURT, Oct 13 (Reuters) - Germany carmaker BMW (BMWG.DE) (BMWG.DE) is seeking to buy a car-parts supplier, weekly magazine WirtschaftsWoche reported on Saturday, without saying where it obtained the information.

A possible target could be an engineering company that could develop BMW's planned fourth brand for environmentally friendly cars, the magazine reported in a pre-released article from its Monday edition, citing unidentified people with knowledge of the company.

A spokesman for BMW, the world's largest premium-car maker, declined to comment. BMW Chief Executive Norbert Reithofer said at the end of September that he was considering acquisitions as part of his new strategy.

((Reporting by Peter Dinkloh; Frankfurt Newsroom +4969 7565 1345; Editing by Gerrard Raven; Reuters Messaging peter.dinkloh.reuters.com@reuters.net)) Keywords: BMW TAKEOVER/REPORT Keywords: BMW TAKEOVER/REPORT

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