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Robert.Jervis_43227 Apr 12

A 10% stake in Lufthansa

lufthansa
“A long-term, stable and reliable partner”
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."

Source: ITJ