Lufthansa Says Kuehne Holds 10% Stake; Largest Shareholder After German Government
18 Mai 2022 - 12:17PM
Dow Jones News
By Ed Frankl
Deutsche Lufthansa AG said Wednesday that Kuehne Aviation GmbH,
controlled by logistics tycoon Klaus-Michael Kuehne, now has 10% of
the German flag carrier's share capital.
Kuehne has said the investment will help it fulfill strategic
objectives, and it doesn't rule out acquiring additional shares or
voting rights within the next twelve months, Lufthansa said. Kuehne
added that if asked to by Lufthansa it would nominate a candidate
for the airline's supervisory board.
Kuehne is looking for a stable capital structure, as well as a
"shareholder-friendly dividend policy", Lufthansa said in a
regulatory release.
Kuehne is now Lufthansa's second-largest shareholder after the
German government, according to Lufthansa's website. Its parent
company, Kuehne Holding AG, is also the majority shareholder in
logistics firm Kuehne + Nagel International AG and controls 30% of
shipping company Hapag-Lloyd AG.
Lufthansa said on April 8 that Kuehne, under its former name KA
Logistik Beteiligungen, crossed the 10% threshold.
Lufthansa published the voting rights notification on April
11.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
May 18, 2022 06:02 ET (10:02 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Deutsche Lufthansa (TG:LHA)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Deutsche Lufthansa (TG:LHA)
Historical Stock Chart
Von Apr 2023 bis Apr 2024
