A 10% stake in Lufthansa
The Kuehne Holding has acquired 10% of the shares of Deutsche Lufthansa via a 100% German subsidiary in the market. Among other investments, Kuehne Holding already holds a majority stake in Kuehne + Nagel International, a more than 30% stake in the carrier Hapag-Lloyd and a 5 % stake in Signa Prime Selection. The new acquisition supplements the holding’s portfolio.
Karl Gernandt, executive chairman of Kuehne Holding, announced that the investment is long-term: "Kuehne Holding values Deutsche Lufthansa as a major aviation group with global aspirations and wants to be a long-term, stable and reliable partner for this company.”
Klaus-Michael Kuehne, the owner of Kuehne Holding, commented: "The investment in Deutsche Lufthansa is an excellent addition to the existing investment portfolio. When selecting the investments, I attach particular importance to ensuring that all companies maintain their independence in international competition." (sh)