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German media group Bertelsmann SE (BRT.YY) is seeking a rapid growth in sales in its music business after acquiring full ownership of BMG, aiming to reach 500 million euros ($650.9 million) in the next five years from EUR300 million currently, Bertelsmann Chief Executive officer Thomas Rabe said in an interview in Germany's Die Welt on Sunday.

Acquisitions will also play a role in reaching this sales figure, Mr. Rabe says.

Bertelsmann said on Friday it is taking full ownership of music rights joint venture BMG by acquiring the stake held by financial investor Kohlberg Kravis Roberts & Co. The deal is subject to regulatory approval and is expected to close in the first half of the year.

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