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Germany’s Richest Man Increases Lufthansa Stake to 17.5%

  • Shareholding suggests Kuehne could get supervisory board seat
  • German state confirmed it exited airline holding Wednesday
Klaus-Michael Kuhne
Klaus-Michael KuhnePhotographer: Nicky Loh/Bloomberg
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Germany’s richest man increased his stake in Deutsche Lufthansa AG, buying stock offloaded by the country’s government as part of its exit from the flagship carrier.

Klaus-Michael Kuehne now owns 17.5% of Lufthansa, according to an emailed statement from his holding group Wednesday. The billionaire this year overtook the German state as the biggest shareholder, investing a chunk of a fortune made in logistics.