Lufthansa in advanced talks for state rescue deal worth about $10 billion

BERLIN (Reuters) - Airline Lufthansa said on Thursday it is in advanced talks with the German government's economic stabilisation fund over a rescue deal worth up to 9 billion euros (8 billion pounds), including the state taking a 20% stake in the company. Lufthansa said in a statement that the deal would involve the government taking two seats on its supervisory board, but it would only exercise its voting rights as a whole in exceptional cases such as protection against a takeover.

Reuters May 21, 2020 06:06:01 IST
Lufthansa in advanced talks for state rescue deal worth about $10 billion

Lufthansa in advanced talks for state rescue deal worth about 10 billion

BERLIN (Reuters) - Airline Lufthansa said on Thursday it is in advanced talks with the German government's economic stabilisation fund over a rescue deal worth up to 9 billion euros (8 billion pounds), including the state taking a 20% stake in the company.

Lufthansa said in a statement that the deal would involve the government taking two seats on its supervisory board, but it would only exercise its voting rights as a whole in exceptional cases such as protection against a takeover.

($1 = 0.9108 euros)

(Reporting by Emma Thomasson; Editing by Himani Sarkar)

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