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The state’s economic stabilisation fund wants to offer institutional investors around 74.4 million Lufthansa shares, corresponding to 6.2% of the airline’s share capital, according to the statement by Deutsche Bank (ETR:DBKGn).
Deutsche Bank and Goldman Sachs (NYSE:GS) are acting as joint global coordinators and bookrunners for the sale, the statement added.
Lufthansa Group was saved from bankruptcy during the pandemic by Germany, Switzerland, Austria and Belgium with 9 billion euros in June 2020. Germany took a 20% stake in the carrier, which German ministries said would be sold off by October 2023 at the latest.
Lufthansa shares closed down 1.5% at 6.32 euros per share on Tuesday.
