Exclusive: Lufthansa draws up 'Plan B' to prevent insolvency – source

This post was originally published on this site

The German government could still get a 20% stake, as originally planned, in two steps without the approval of a shareholders’ meeting or billionaire investor Heinz Hermann Thiele, the source said.

Germany could initially get a roughly 10% stake from a capital increase without subscription rights at 2.56 euros per share, the source added. The remaining stake would come from a regular capital increase in which all Lufthansa shareholders could participate.

The person, who is familiar with the plans, cautioned they were not yet coordinated with the government.