this german state With a profit of 760 million euros, Lufthansa completely separated from the shares of the airline group. After selling all the shares he had left two years after recovering the company from the coronavirus pandemic covid.
“Finanzagentur des Bundes” (similar to the Treasury) reported “Deutsche Lufthansa’s stabilization has been successfully closed”.
Total revenue from sale of state stake in Lufthansa was 1,070 million Euros and exceeded the acquisition cost of 306 million Euro shares, In other words, they give 760 million euros of profit to the German state.
“With this satisfactory balance, the participation of the economic stabilization fund ends and the company is once again in private hands”said Jutta Dönges, director of Finanzagentur.
The German state liberated Lufthansa in June 2020. 6,000 million euros due to the problems experienced after the air transport ban to stop the coronavirus pandemic.
The German government bought Share for 300 million euros, bought 20% of the airline, the feeling that it has completely spilled now.
Others There was an unfair silent participation of 5,700 million euros. To vote on loans Lufthansa repaid last year.
Carsten Spohr, CEO of the Lufthansa group, thanked the German government and taxpayers for their support during the most severe financial crisis in the company’s history.
Some of the shares you sell The German State bought the businessman Klaus-Michael Kühne, He owns 17.5% of Lufthansa and is the company’s largest shareholder.