Germany Prepares to Take Stake in Lufthansa in Bailout

(Bloomberg) — Germany is preparing to take a stake in Deutsche Lufthansa AG as part of a rescue package to help the carrier weather the coronavirus pandemic, according to people familiar with the matter.A decision is expected in the coming days for an overall aid package that could amount to more than double the company’s market capitalization of 4 billion euros ($4.3 billion), said one of the people, who asked not to be named because the talks are private. One option being discussed could include giving the government seats on the board and the power to block strategic decisions, a …read more

Source:: Yahoo Finance

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