German government plans to sell its stake in Lufthansa

The German government plans to reduce its stake in Lufthansa to 15 percent with the sale of a 5 percent stake.

In the statement made by the Economic Stability Fund (WSF), which was formed by the government in Germany, it was stated that WSF, which had prepared a bailout package for Lufthansa, which was in a difficult situation due to the COVID-19 epidemic, will sell a maximum of 5 percent of these shares.

WSF was established to assist key German companies in the economic crisis caused by the coronavirus.

In May 2020, the fund took over a 20 percent stake (or 300 million euro) in Lufthansa with a nominal value of 2.56 euros each. The current value of these shares on the German stock market exceeds 1 billion euros.