Germany Sells Full Stake in Lufthansa at $760 Million Profit
- Government sold holding to investors across two transactions
- Flagship carrier was bailed out by state during pandemic
Parked aircraft, operated by Deutsche Lufthansa AG, during a strike by the airline's pilots, at Frankfurt Airport on Sept. 2.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Germany raised 760 million euros ($760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during Covid-19 lockdowns.
The country’s Economic Stabilization Fund, or WSF, disposed of its remaining 9.92% of Europe’s largest airline via a placement with international investors, according to a statement. The government had earlier Tuesday announced the sale of a 6.2% holding.