Made 760 million euros! The German government sells its Lufthansa shares
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September 14, 2022: The German government-run economic stabilization fund WSF has sold its last remaining stake in Lufthansa, according to a statement from the German government on Tuesday.
WSF's joint bookrunner Deutsche Bank announced on Tuesday that WSF sold its remaining 9.92% stake in Lufthansa to international investors for 455 million euros through a block share placement.
Jutta Doenges, managing director of WSF, said: “We originally owned about 20% of Lufthansa shares, and the sale of these shares brought WSF a total income of 1.07 billion euros, far exceeding the original investment of 306 million euros and generated about 760 million euros Euro profits."