German government sells remaining stake in Lufthansa
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The German authorities sold the remaining stake in Lufthansa, so that the airline’s shares are again completely in private hands. About this Lufthansa informed today, September 14th. At the same time, the German billionaire Klaus-Michael Kuehne increased his stake in the airline. He became the largest shareholder Lufthansa, from a 15 percent stake back in July, has now increased to 17.5 percent.
In 2020 the German authorities singled out € 9 billion to save the airline, in exchange for this, receiving 20% of its shares. Lufthansa’s financial performance improved in 2022 as demand for air travel increased. Earlier this year, the government had already sold part of its shares, so that at the time of the current sale, it owned only 6.2% in the airline.
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