Germany plans to sell 5% stakes in Lufthansa

In Germany, the state-owned Economic Stability Fund (WSF) has announced that it will sell some of its shares in German Airline Lufthansa.


Last year, the Lufthansa group, which had financial difficulties as a result of the travel measures taken due to the Covid-19, received an injection of 5.7 billion aid from the state.


In addition, the state took over 20% of the airline’s shares for 300 million Euros. According to the reports the current value of the shares in the stock market exceeds 1 billion Euros now.


The German state thus became a shareholder of the airline through a non-voting partnership called a ‘silent partner’.


Upon the positive developments, WSF said its planning to sell one fourth (5%) of its shares in coming weeks.

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