German Logistics Mogul Becomes Biggest Lufthansa Shareholder
- Klaus-Michael Kuehne lifts stake in German airline to over 15%
- Logistics billionaire Kuehne expressed interest in board seat
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Germany’s richest man is now the largest shareholder in Deutsche Lufthansa AG after reinvesting a chunk of a fortune he made in logistics into Europe’s biggest airline.
Klaus-Michael Kuehne raised his stake in Lufthansa to 15.01% from 10.01%, according to a filing late on Wednesday, overtaking the German government as the carrier’s biggest shareholder. The state has been selling down its interest after the airline repaid a bailout to help it survive Covid-19.