After the end of state participation, Lufthansa chief Carsten Spohr again thanked the federal government and taxpayers for their support in the company’s worst crisis. The stabilization ended successfully with the sale of the latest shares owned by the Economic Stabilization Fund, the CEO said in a statement Wednesday in Frankfurt.
Frankfurt am Main – Spohr said: “Stabilization (…) also pays back the federal government financially and therefore the taxpayer. We had already repaid the stabilization funds ahead of schedule and a year before the deadline, the WSF has now also sold the last remaining shares. ”Lufthansa is now completely in private hands again. We will continue to work hard to strengthen our position among the world’s leading airline groups.
The financial agency announced Tuesday evening that the federal government had ended the holding in Lufthansa that had accumulated during the Crown crisis. The WSF sold its last remaining stake of nearly ten percent to international investors as part of a block placement.
At € 1.07 billion, the total proceeds of the share block significantly exceeded the invested amount of € 306 million. Lufthansa had also paid interest on state loans and silent participation, which was fully repaid by November 2021. dpa
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