Advertisement
UK markets close in 1 hour 53 minutes
  • FTSE 100

    8,237.34
    +32.23 (+0.39%)
     
  • FTSE 250

    20,455.32
    +74.27 (+0.36%)
     
  • AIM

    772.87
    -4.63 (-0.60%)
     
  • GBP/EUR

    1.1822
    -0.0012 (-0.10%)
     
  • GBP/USD

    1.2678
    -0.0044 (-0.34%)
     
  • Bitcoin GBP

    51,427.57
    +82.59 (+0.16%)
     
  • CMC Crypto 200

    1,359.61
    -23.05 (-1.66%)
     
  • S&P 500

    5,495.23
    +8.20 (+0.15%)
     
  • DOW

    38,844.08
    +9.22 (+0.02%)
     
  • CRUDE OIL

    82.27
    +0.70 (+0.86%)
     
  • GOLD FUTURES

    2,352.00
    +5.10 (+0.22%)
     
  • NIKKEI 225

    38,633.02
    +62.26 (+0.16%)
     
  • HANG SENG

    18,335.32
    -95.07 (-0.52%)
     
  • DAX

    18,135.78
    +67.87 (+0.38%)
     
  • CAC 40

    7,632.88
    +62.68 (+0.83%)
     

Top Lufthansa shareholder Kuehne does not plan to take blocking minority stake-Welt am Sonntag

FILE PHOTO: Lufthansa logo is seen on a self check-in machine at Frankfurt Airport in Germany

FRANKFURT (Reuters) - 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.

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 and has a 30% stake in container shipping company Hapag-Lloyd, told Welt am Sonntag.

"I am not aiming for a blocking minority," Kuene said, adding he was satisfied with Lufthansa Chief Executive Carsten Spohr.

(Reporting by Christoph Steitz)