Trade Now

Capital at risk Advertisement
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
  -0.284 -4.8% 5.634 5.628 5.631 5.77 5.601 5.70 1,850,181 09:22:32

Lufthansa Says Kuehne Holds 10% Stake; Largest Shareholder After German Government

18/05/2022 11:17am

Dow Jones News


Deutsche Lufthansa (XE:LHA)
Historical Stock Chart


From Apr 2022 to Oct 2022

Click Here for more Deutsche Lufthansa Charts.
   By Ed Frankl 
 

Deutsche Lufthansa AG said Wednesday that Kuehne Aviation GmbH, controlled by logistics tycoon Klaus-Michael Kuehne, now has 10% of the German flag carrier's share capital.

Kuehne has said the investment will help it fulfill strategic objectives, and it doesn't rule out acquiring additional shares or voting rights within the next twelve months, Lufthansa said. Kuehne added that if asked to by Lufthansa it would nominate a candidate for the airline's supervisory board.

Kuehne is looking for a stable capital structure, as well as a "shareholder-friendly dividend policy", Lufthansa said in a regulatory release.

Kuehne is now Lufthansa's second-largest shareholder after the German government, according to Lufthansa's website. Its parent company, Kuehne Holding AG, is also the majority shareholder in logistics firm Kuehne + Nagel International AG and controls 30% of shipping company Hapag-Lloyd AG.

Lufthansa said on April 8 that Kuehne, under its former name KA Logistik Beteiligungen, crossed the 10% threshold.

Lufthansa published the voting rights notification on April 11.

 

Write to Ed Frankl at edward.frankl@dowjones.com

 

(END) Dow Jones Newswires

May 18, 2022 06:02 ET (10:02 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Deutsche Lufthansa Chart

1 Year Deutsche Lufthansa Chart

1 Month Deutsche Lufthansa Chart

1 Month Deutsche Lufthansa Chart
ADVFN Advertorial
Your Recent History
XE
LHA
Deutsche L..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20221003 08:37:32