MUNICH, Feb 26 (Reuters) - Blackstone (BX.N: Quote, Profile , Research), the U.S. private equity firm that owns 4.5 percent of Deutsche Telekom (DTEGn.DE: Quote, Profile , Research), said on Tuesday it might raise its stake in the German telecoms group.
If the price is right, Blackstone could take another stake of up to 2 percent in Deutsche Telekom, Blackstone's Chief Operating Officer Hamilton James told reporters on the sidelines of an industry event in Munich.
"But we need to find the right moment for that," he said.
He added that Blackstone fully supported Henkel (HNKG_p.DE: Quote, Profile , Research) Chief Executive Ulrich Lehner, who is expected to be appointed as the new chairman of Deutsche Telekom.
Shares in Deutsche Telekom gained more than 2 percent after his comments and were up 1 percent at 13.09 euros at 1428 GMT. (Reporting by Philipp Halstrick, editing by Will Waterman)