Klaus-Michael Kuehne increases Lufthansa stake to 17.5% after all WSF shares sold

Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa to 17.5%, Kuehne Holding said, after the German government sold all its remaining shares in the airline. The Economic Stabilization Fund of the Federal Republic of Germany (WSF) confirmed that all the remaining shares of its holding in Deutsche Lufthansa had been sold to various investors via an accelerated bookbuilding process. The WSF last held around 6.2% of the company’s share capital (74.4 million shares). The WSF had acquired its original shareholding of 20% of the share capital of Deutsche Lufthansa for €306 million in the summer of 2020. It was