Lufthansa Group confirms EUR9bn financing package with govt partnership being discussed

Lufthansa Group stated (07-May-2020) it is in negotiations with the German government's Economic Stabilisation Fund (WSF) for a group financing package of EUR9 billion. The negotiations and the process of political decision-making are ongoing, however talks include a silent participation with the German government and a secured loan, Lufthansa continued. "Various alternatives of a capital increase are being discussed, including an increase at the nominal value of the share, if necessary after a capital cut, to create a shareholding of up to 25% plus one share", the company stated. Conditions may also include the waiver of future dividend payments in accordance with the EU Temporary Framework and the WSF. [more - original PR]