Kuehne ups stake in Lufthansa to 10%

In a post headed “German investor Kuehne boosts stake in Lufthansa to 10%”, REUTERS reported today that Klaus-Michael Kuehne had increased his stake in Germany’s flag carrier Lufthansa to 10%. The news was confirmed by other press reports.

Reuters added:

Kuehne, 84, had earlier boosted his stake in Lufthansa to 5% about a month ago, becoming the airline’s second-biggest shareholder behind the German government, according to Refinitiv data.

Kuehne Holding AG has acquired a stake of 10% in Deutsche Lufthansa AG on the market via a wholly owned German subsidiary, the holding company owned by Klaus-Michael Kuehne [Kuehne Holding AG] said.

“The investment in Deutsche Lufthansa represents an excellent rounding off of the existing portfolio, in which logistical knowhow is bundled through various independent holdings,” Kuehne was quoted as saying in the statement.