Lufthansa’s second-largest shareholder sold more than half its stake in the airline group, three months after the death of family patriarch Heinz Hermann Thiele. Thiele built an around 12 per cent stake in Lufthansa before his death in February. The family had previously cut its stake to 10.1 per cent, according to regulatory filings. After building his stake, he expressed dissatisfaction with the German government’s rescue plan, before ultimately supporting it. Lufthansa shares closed little changed Thursday at €10.87 in Frankfurt.

Source: The Irish Times May 21, 2021 06:53 UTC