BERLIN, June 3 (Reuters) - German consumer goods company Henkel (HNKG.DE) is sticking to its goal in terms of acquisitions despite raising interest rates, the company's CEO Carsten Knobel told the German newspaper Rheinische Post on Saturday.
"We have a strong balance sheet, we intend to make further acquisitions," he said, adding that acquisitions would be made in the adhesive business and in the consumer goods area.
Knobel does not see interest rates increases as a problem.
"The return of rising interest rates rather benefits us when competing for acquisition targets because we have the best credit ratings thanks to our very solid financial position."
"For us to buy back our Russian business, the framework conditions and relations with Russia would have to change fundamentally," Knobel said.
Persons:
Carsten Knobel, Henkel's, Knobel, Maria Martinez, David Evans
Organizations:
Henkel, Thomson
Locations:
BERLIN, Russia