# Kuehne raises Lufthansa stake to 17.5% as Germany sells remaining shares
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-09-14
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Klaus-Michael Kuehne Increases Stake in Lufthansa to 17.5%
Meta Description: Logistics entrepreneur raises ownership after German government sells its shares. Lufthansa now in private hands, signalling company's positive outlook.
URL: https://financedigest.com/kuehne-raises-lufthansa-stake-to-17-5-as-germany-sells-remaining-shareshtml

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BERLIN/ZURICH (Reuters) -Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa to 17.5%, Kuehne Holding said on Wednesday, after the German government sold all its remaining shares in the airline.

“This underlines Kuehne Holding’s positive view of the company,” Kuehne Holding added in a statement to Reuters.

The German government said on Tuesday it had sold off its 20% stake in Lufthansa, which it acquired during the coronavirus pandemic to keep the airline afloat, meaning that the company is now back in the hands of private investors.

The state’s economic stabilisation fund (WSF), which saved Lufthansa from bankruptcy during the pandemic with a bailout package totalling 9 [billion euros](https://www.financedigest.com/delivery-hero-ramps-up-interest-payments-to-raise-1-billion-euro-convertible-bond.html "Delivery Hero ramps up interest payments to raise 1 billion euro convertible bond") ($9.02 billion), had progressively reduced its stake in recent years with the aim of offloading it completely by October 2023.

After the [sale of its remaining shares](https://www.financedigest.com/monte-dei-paschi-to-have-underwriting-consortium-for-share-sale-by-tuesday-source.html "Monte dei Paschi to have underwriting consortium for share sale by Tuesday – source"), the WSF no longer holds a stake in Lufthansa.

This [brings the stabilisation of Lufthansa to a successful](https://www.financedigest.com/neyber-brings-on-board-james-malia-to-leadership-team-to-support-employers-success-in-driving-employee-financial-resilience-goals.html "Neyber brings on board James Malia to leadership team to support employers’ success in driving employee financial resilience goals") conclusion. Lufthansa is once again fully in private hands,” Lufthansa [CEO Carsten Spohr said in a statement](https://www.financedigest.com/autumn-statement-reaction-from-ray-withers-ceo-of-property-frontiers.html "Autumn Statement reaction from Ray Withers, CEO of Property Frontiers").

($1 = 0.9982 euros)

(Writing by Rachel More and Paul CarrelEditing by Madeline Chambers and Miranda Murray)


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