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Share Name Share Symbol Market Type
Deutsche Lufthansa AG XE:LHA XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.21 -3.55% 5.708 5.705 5.709 5.77 5.601 5.70 1,656,501 08:59:55

German State Fund to Offload Up to 5% Stake in Lufthansa

16/08/2021 8:00am

Dow Jones News


Deutsche Lufthansa (XE:LHA)
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By Cecilia Butini

 

The German finance agency said Monday that the economic stabilization fund put in place to keep Deutsche Lufthansa AG afloat amid the pandemic is decreasing its shareholding in the company.

The fund, which held a 20% stake in Lufthansa, is set to reduce its participation by up to a quarter, or a 5% stake, beginning on Monday, the finance agency said. The reduction will take place over several weeks.

The decision was made as a result of the success of Lufthansa's measures to face the crisis, the agency said.

The fund negotiated a stabilization package with Lufthansa for up to 6 billion euros ($7.08 billion) in June 2020. In total, Lufthansa received EUR9 billion in state aid to weather the crisis.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 

(END) Dow Jones Newswires

August 16, 2021 02:52 ET (06:52 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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