Lufthansa, supported by billions in taxes during the Corona crisis, has successfully obtained fresh money on the market and is thus setting the course for the German state to exit.
As part of the capital increase announced on September 19, gross proceeds of 2.162 billion euros, the airline announced on Wednesday in Frankfurt.
Frankfurt / Main - According to earlier information, Lufthansa wants to use the money to repay state aid.
After the capital increase, the German state still holds 14.09 percent of Deutsche Lufthansa AG through the Economic Stabilization Fund (WSF).
Lufthansa is strengthening its equity base with the capital increase and will use the proceeds from the capital increase to repay part of the WSF's silent participations, the fund affirmed in a message: “The WSF's participation in the capital increase serves the aim of ending the state stabilization measures quickly . "
Germany, Austria, Switzerland and Belgium helped the Lufthansa Group with financial aid worth billions after the collapse of air traffic as a result of the corona pandemic.
In total, they pledged nine billion euros to the group, the lion's share of the sum coming from Germany, Lufthansa's home country.
The neighboring countries made loans available to strengthen the group subsidiaries Austrian, Swiss and Brussels.
also read
Lufthansa: capital increase for state aid repayment
In the Corona crisis, Lufthansa had to be saved from crashing with taxpayers' money in the billions.
Now the group is starting to get out of the state.
Lufthansa: capital increase for state aid repayment
Lufthansa: capital increase for state aid repayment
In the Corona crisis, Lufthansa had to be saved from crashing with taxpayers' money in the billions.
Now the group is starting to get out of the state.
Lufthansa: capital increase for state aid repayment
Lufthansa: capital increase to repay state aid
Lufthansa wants to bring the repayment of state aid under the roof with the current federal government.
For this, the group, which was shaken by the Corona crisis, has to raise billions.
Lufthansa: capital increase to repay state aid
The German state also got a 20 percent shareholder in Lufthansa through the Economic Stabilization Fund (WSF).
In addition, the WSF provided two silent participations as equity.
The WSF had already reduced its stake in shares and sold shares on the stock exchange.
At the time of the announcement of the capital increase, the fund still held almost 16 percent of the Group's share capital, according to Lufthansa.
dpa
