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| Name | Symbol | Market | Type |
|---|---|---|---|
| Deutsche Lufthansa AG (QX) | USOTC:DLAKY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.175 | 2.78% | 6.47 | 6.46 | 6.49 | 6.52 | 6.40 | 6.415 | 86,183 | 20:59:24 |
From Nov 2021 to Nov 2024
By Maria Martinez
Germany's Economic Stabilization Fund has exited Deutsche Lufthansa AG after more than two years with a profit of 760 million euros ($757.5 million).
The proceeds generated from the sale of the shares in value of 1.07 billion euros significantly exceed the amount of 306 million euros to acquire the stake, said Jutta Doenges, who is responsible for the fund, known as WSF.
She said that the WSF's participation has now ended and Lufthansa is once again in private hands.
The Economic Stabilization Fund was created by the government in March 2020 to address the economic and social impacts of the coronavirus pandemic on the national economy.
Write to Maria Martinez at maria.martinez@wsj.com
(END) Dow Jones Newswires
September 14, 2022 04:25 ET (08:25 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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