Thiele family sold more than half its stake in Lufthansa
The Thiele family, Deutsche Lufthansa AG’s second-largest shareholder, sold more than half of its stake in the airline group following the death of Heinz Hermann Thiele, the bookrunner said Thursday. KB Holding GmbH, Thiele family’s investment vehicle, sold 33m of its 60m shares, the statement said, at a placement price of 9.80 euros per share. The placement price represented about 10% discount to Thursday’s closing price of E10.8680 and made the sale worth E323.4m. Heinz Hermann Thiele, majority owner of German braking systems maker Knorr-Bremse, died in February at the age of 79. Thiele had acquired a major stake in Lufthansa and became a highly visible public figure last year when portrayed as the main obstacle to the state bailout the airline needed to survive the coronavirus crisis.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-05-21/star/thiele-family-sold-more-than-half-its-stake-in-lufthansa
https://portal.staralliance.com/cms/logo.png
Thiele family sold more than half its stake in Lufthansa
The Thiele family, Deutsche Lufthansa AG’s second-largest shareholder, sold more than half of its stake in the airline group following the death of Heinz Hermann Thiele, the bookrunner said Thursday. KB Holding GmbH, Thiele family’s investment vehicle, sold 33m of its 60m shares, the statement said, at a placement price of 9.80 euros per share. The placement price represented about 10% discount to Thursday’s closing price of E10.8680 and made the sale worth E323.4m. Heinz Hermann Thiele, majority owner of German braking systems maker Knorr-Bremse, died in February at the age of 79. Thiele had acquired a major stake in Lufthansa and became a highly visible public figure last year when portrayed as the main obstacle to the state bailout the airline needed to survive the coronavirus crisis.<br/>
