www.varchev.com

Germany will sell up to 25% of its stake in Lufthansa

Germany plans to sell up to a quarter of its 20% stake in Lufthansa in the coming weeks, the German financial agency said on Monday, citing positive developments at the rescued airline. Shares of Lufthansa fell 4.9% to 8.81 euros at the start of trading after the announcement.

The state share of 20% was acquired for 300 million euros as part of the rescue program for the German carrier, as the company and the entire aviation sector were severely affected by the coronavirus.

Lufthansa received a € 9 billion package from the German Economic Stabilization Fund (WSF), which was set up to help companies overcome the pandemic. WSF has said it will sell the full stake, which is currently worth more than 1 billion euros, before the end of 2023.

Lufthansa plans to issue new shares, presumably ahead of the September 26 parliamentary elections, which will help the company return the rescue funds to taxpayers.

Shareholders have approved a potential capital increase of up to 5.5 billion euros.

LHA.DE Chart:

Technically, the company’s shares have been on a downward trend since the beginning of March this year. The level of horizontal support of around 9.20 was broken today, with the potential formation of a triple bottom spoiled. Opening the price with a negative gap creates additional negative sentiments towards the company.


 Junior Trader Nikolay Nankov

Login to comment

* Rough, sarcastic and ironic language is not allowed. For such Admins Delete without notice.

Leave a Reply

Comments:

Leave a comment

Varchev Absolute Trader

борсова платформа

  • Търгувай над 3000 финансови инструмента: Crypto, Форекс, Акции, Индекси, Суровини, ETF-и
  • Използвай платформа с директно изпращане ордерите на борсите
  • Best Trading Platform - "Online Personal Wealth Awards" EU награждава Varchev Absolute Trader
  • Cloud base платформа - твоят трейдинг сетъп на всяко устройство
  • Traders Talk - чуй какво движи пазарите в реално време
  • Market Sentiment - търгувай с настроенията на инвестиционите банки
  • Top movers - най-горещите трейдове във всеки един момент
  • Stocks scanner - филтрирай най-подходящите за твоя трейдинг стил пазарни инструменти
  • Heat map - Търгувай в посоката на големите играчи


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance
chat with dealer
CALL NOW