Logistics billionaire Klaus-Michael Kuehne, Lufthansa's top shareholder, has no plans to raise his stake in the carrier to a 25% blocking minority, which would give him the power to veto major strategic decisions, he hold a German paper.
Lufthansa logo is seen on a self check-in machine at the Frankfurt Airport in Germany, September 8, 2015. REUTERS/Kai Pfaffenbach/File Phototop shareholder, has no plans to raise his stake in the carrier to a 25% blocking minority, which would give him the power to veto major strategic decisions, he hold a German paper.
Kuehne in September disclosed that he had increased his stake in Lufthansa to 17.5%, after the German government sold all its remaining shares in the airline, which it accumulated as a result of the COVID pandemic to keep the airline afloat. "It should remain at the current 17.5% for now," Kuehne, who is also the controlling shareholder of Swiss logistics firm Kuehne & Nagel
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