DEUTSCHE LUFTHANSA AG (FRA:LHA) Deutsche Lufthansa AG: Deutsche Lufthansa AG negotiates stabilization package for the Group
Transparency directive : regulatory news
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DGAP-Ad-hoc: Deutsche Lufthansa AG / Key word(s): Financing Deutsche Lufthansa is negotiating a stabilization package for 9 billion euros with the Federal Economic Stabilization Fund (Wirtschaftsstabilisierungsfonds - WSF) to finance the Lufthansa Group. The negotiations and the process of political decision-making are still ongoing. The negotiations on financing measures include a silent participation and a secured loan. The conditions are currently being discussed. A stake by the German government in the company's share capital is also part of the negotiations. In this context, various alternatives of a capital increase are being discussed, including an increase at the nominal value of the share, if necessary after a capital cut, to create a shareholding of up to 25% plus one share. In addition, conditions in accordance with the EU Temporary Framework and WSF Act are provided, including the waiver of future dividend payments. In addition, the WSF is seeking representation within the Supervisory Board. The Executive Board of Deutsche Lufthansa AG is continuing negotiations with the aim of ensuring the future viability of the company for the benefit of its customers and employees.
07-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Deutsche Lufthansa AG |
| Venloer Str. 151-153 | |
| 50672 Cologne | |
| Germany | |
| Phone: | +49 (0)69 696 28000 |
| Fax: | +49 (0)69 696 90990 |
| E-mail: | investor.relations@dlh.de |
| Internet: | www.lufthansagroup.com/investor-relations |
| ISIN: | DE0008232125, DE0008232125 |
| WKN: | 823212 |
| Indices: | DAX |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Tradegate Exchange |
| EQS News ID: | 1038739 |
| End of Announcement | DGAP News Service |
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1038739 07-May-2020 CET/CEST