German government to sell stake in Lufthansa

The German Finance Agency has announced plans to sell its 20% stake in Lufthansa in the “coming weeks’ due to the positive development at the airline, reports Reuters. The Federal Government took the 20% stake by way of the Economic Stabilization Fund (WSF), established in March 2020, which rescued the airline from the very worst impact of the pandemic crisis. The government had always intended on divesting the stake as soon as the airline was on a more stable footing and certainly before the end of 2023.