German Government Fund Exits Lufthansa's Capital
14 September 2022 - 10:40AM
Dow Jones News
By Maria Martinez
Germany's Economic Stabilization Fund has exited Deutsche
Lufthansa AG after more than two years with a profit of 760 million
euros ($757.5 million).
The proceeds generated from the sale of the shares in value of
1.07 billion euros significantly exceed the amount of 306 million
euros to acquire the stake, said Jutta Doenges, who is responsible
for the fund, known as WSF.
She said that the WSF's participation has now ended and
Lufthansa is once again in private hands.
The Economic Stabilization Fund was created by the government in
March 2020 to address the economic and social impacts of the
coronavirus pandemic on the national economy.
Write to Maria Martinez at maria.martinez@wsj.com
(END) Dow Jones Newswires
September 14, 2022 04:25 ET (08:25 GMT)
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