PotassiumOnly 14 months after entering, the German government began to divest the company’s shares Lufthansa Separate again. The federal government acquired this at the beginning of the corona crisis to support the German aviation group.
As announced in Berlin on Monday, the Economic Stability Fund (WSF) hopes to reduce its share of the M-Dax listed group by up to a quarter to 15% in the coming weeks. This means that in the summer of 2020, the federal government has acquired as many as 29.9 million Lufthansa shares at a par value of 2.56 euros per share. These shares will be listed to stabilize Lufthansa’s position in the new crown virus crisis.
Sell profit
This means that in the summer of 2020, the federal government has acquired as many as 29.9 million Lufthansa shares at a par value of 2.56 euros per share. These shares will be listed to stabilize Lufthansa’s position in the new crown virus crisis. Lufthansa stock currently trades on the stock exchange for more than 9 euros, so it can achieve a significant increase in value for the federal government. The quarterly value of packages for sale is currently approximately 270 million euros.
Lufthansa shares are currently trading at more than 9 euros on the stock exchange, so the federal government is significantly increasing. The quarterly value of packages for sale is currently approximately 270 million euros.
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The shares directly involved in the company have reached 20%, with a face value of 300 million euros, which is a small part of Germany’s state aid of up to 6 billion euros. In addition, there is a loan of KfW Bank that has been repaid, as well as state aid from Austria, Switzerland and Belgium, so Lufthansa finally has 9 billion euros at its disposal.
With the sale of the first batch of shares that began on Monday, WSF lost the opportunity to acquire a minority stake in the group by converting Silent Participation II. For example, this is to prevent hostile takeovers in a crisis. The federal government has proved its steps with the company’s active development. However, it is still a major shareholder and will continue to accompany stability.
Lufthansa initially did not want to comment on this process. CEO Carsten Spohr has repeatedly emphasized that the state hopes to end as soon as possible. Ludwig Klein, chairman of Lufthansa, said that without these help, Lufthansa would have to file for bankruptcy protection in the summer of 2020.
