Lufthansa Shares jumped 15 percent on Thursday after its biggest shareholder agreed to vote for the package of state aid in the amount of 9 billion euros for the German airline, is on the verge of collapse due to pandemic coronavirus.
the financial assistance Package, approved in Berlin in late may, also includes a state guarantee on the loan of 3 billion euros, its provision will be considered.
"I will vote for this proposal," - said the newspaper Frankfurter Allgemeine Zeitung billionaire investor Heinz Hermann Thiele, recently increased its stake in Lufthansa to 15.5%.
Shareholders should vote on the plan later Thursday. Tiel actually has veto power, since only 38% of shareholders had registered to vote.
Lufthansa Shares to trading on Thursday rose by 15.5%. Since the beginning of this year, their value fell by 37.1%.
EU Regulators on Thursday also approved a recapitalization Lufthansa 6 billion euros in the framework of the rescue package, subject to the prohibition on the payment of dividends, the repurchase of shares and selected acquisitions as long as the government support is repaid.
in may Agreed the deal on the assistance the company gives Berlin a veto in the event of an attempted hostile takeover of the airline. The government will receive 20% of the company's shares, which in the case of attempts of absorption may increase up to 25% plus one share.
Earlier today it became known that state support will receive the largest steel company Tata Steel UK, employing more than 8,000 people in Wales.
