• Business & Economy
  • Companies
  • Agriculture
  • Technology
  • Africa
Wednesday, August 20, 2025
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Property
  • E-Editions
No Result
View All Result
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Property
  • E-Editions
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
No Result
View All Result
Home Latest

Germany sells entire Lufthansa stake at US$760m profit

by editor
September 14, 2022
in Latest
47
A A

Germany raised 760 million euros (US$760 million) from the sale of a stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during Covid-19 lockdowns.

The country’s Economic Stabilisation Fund, or WSF, sold its remaining 9.92% stake in Europe’s largest airline via an accelerated bookbuilding to institutional investors, according to a statement late Tuesday.

“The total proceeds of 1.07 billion euros generated for the WSF from the sale of its stake significantly exceed the 306 million euros invested to acquire it by 760 million euros,” said Jutta Doenges, who is responsible for the WSF as managing director of the finance agency. With this outcome, “the participation of the WSF ends and the company is back in private hands,” she said.

The joint bookrunners of the block placement announced late Tuesday that the WSF had sold about 7.4 million Lufthansa shares representing about 6.2% of the share capital at 6.11 euros per share, a discount of 3.35% compared with the airline’s closing price.

Lufthansa in November repaid the last of its 9 billion-euro bailout ahead of schedule, enabling the government to pare its stake at a significant profit.

Germany’s richest man may have been one of the buyers, after saying he wants to acquire more shares in Europe’s biggest airline. Klaus-Michael Kuehne is looking to boost his 15.01% stake according to a filing last week, after investing a chunk of a fortune he made in logistics into the carrier.

The latest developments for the carrier come shortly after it said it reached agreement with pilots to increase pay and bar strikes for about a year. Europe’s largest airline has been wrestling with labour disputes that exacerbated an already chaotic summer travel season.-moneyweb

author avatar
editor
See Full Bio
Tags: africa news
Share23Tweet14Share4
Previous Post

N$100m Lady Pohamba expansion boosts Windhoek building plans

Next Post

France’s Canal+ doubles stake in South Africa’s MultiChoice in a year

MUST READ

Gondwana plans 24-room hotel in Walvis Bay, eyes 2026 groundbreaking
Latest

Gondwana plans 24-room hotel in Walvis Bay, eyes 2026 groundbreaking

August 19, 2025
Understanding layer hens
Latest

Understanding layer hens

August 14, 2025
SuperSpar Leads the Pack with Cheapest Basket in July 2025
Latest

SuperSpar Leads the Pack with Cheapest Basket in July 2025

August 11, 2025
Choppies slips as Model takes the lead in affordability – July 2025 grocery survey
Latest

Choppies slips as Model takes the lead in affordability – July 2025 grocery survey

August 10, 2025
Echo Namibia eyes September launch for LEO satellite internet
Latest

Echo Namibia eyes September launch for LEO satellite internet

August 8, 2025
Namibians to wait longer for PayPal payout services
Latest

Namibians to wait longer for PayPal payout services

August 5, 2025
Next Post
France’s Canal+ doubles stake in South Africa’s MultiChoice in a year

France’s Canal+ doubles stake in South Africa’s MultiChoice in a year

Related News

Resilience in the face of adversity: Encouraging job seekers to keep pushing forward

Resilience in the face of adversity: Encouraging job seekers to keep pushing forward

January 31, 2025
Diamond, fish exports boost Namibia’s trade balance

Diamond, fish exports boost Namibia’s trade balance

June 6, 2023
MTC to announce IPO results ahead of listing

MTC to announce IPO results ahead of listing

November 16, 2021

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

  • Home
  • Companies
  • Business & Economy
  • Mining & Energy
  • Opinions
  • Property
  • E-Editions

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Property
  • E-Editions