Lufthansa in advanced talks for govt rescue deal worth about 9bn Euros

Lufthansa in advanced talks for govt rescue deal worth about 9bn Euros

Lufthansa Airline said that it is in advanced talks with German govt’s economic stabilisation fund over a rescue deal worth up to 9bn Euros, including govt taking a 20% stake in company. The deal would involve the govt taking two board seats with voting rights and company waiving future dividend payments and limits on management compensation. However the deal is subject to EU commission approval.

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