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.
This post was published on 16 August 2021 6:39 pm