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Lufthansa-Jet: Great increase in value on the stock exchange
Photo: Marijan Murat / dpa
The federal government wants to sell part of its stake in Lufthansa in the next few weeks. "Against the background of the (...) positive corporate development", the Economic Stabilization Fund (WSF) will reduce its stake of 20 percent by a maximum of a quarter, the German Finance Agency announced on Monday. Sales should start on Monday. The federal government had acquired the stake as part of a billion-dollar support campaign for the airline, which got into trouble during the corona crisis, for 300 million euros. The package is now worth more than a billion euros on the stock exchange.
The WSF was set up to help important companies get over the corona crisis. "After the first successes of the future-oriented measures introduced by Deutsche Lufthansa, the WSF is adjusting its level of participation in a targeted manner, taking into account the interests of both sides," the message said. "As part of the existing stabilization measures, the WSF will continue to support Deutsche Lufthansa in line with its position as a major shareholder."
Lufthansa presented its quarterly balance sheet at the beginning of August;
it was able to halve its loss from April to June thanks to increasing passenger numbers and bookings to minus 756 million euros compared to the same period of the previous year.
The airline also expects the positive development to continue.
The WSF will "continue to support the group in accordance with its position as a major shareholder," announced the finance agency.
mik / dpa-AFX