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
This article is for subscribers only.
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.