# German investor Kuehne does not plan to further boost Lufthansa stake – FAZ
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2022-08-23
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: German logistics entrepreneur Klaus-Michael Kuehne talks stake in Lufthansa
Meta Description: German billionaire Kuehne has no plans to surpass 15% stake in Lufthansa despite government sell-off, citing concerns over a possible blocking minority.
URL: https://fintechherald.com/german-investor-kuehne-does-not-plan-to-further-boost-lufthansa-stake-faz

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BERLIN (Reuters) – German logistics entrepreneur Klaus-Michael Kuehne is not planning to increase his stake in Lufthansa beyond 15%, he told the Frankfurter Allgemeine newspaper on Tuesday.

Kuehne increased his stake in the German flag carrier to 15% in July, making him the biggest shareholder.

When asked whether he would make a move when the German government sells its remaining stake of less than 10% in Lufthansa, which it must do by next year at the latest, Kuehne said that such an increase would be out of the question.

“We would then have a blocking minority of 25%. Politically, that’s probably not feasible,” he told the newspaper.

The German billionaire is also the controlling shareholder of Swiss logistics firm Kuehne & Nagel and has a 30% stake in container shipping company Hapag-Lloyd AG.

(Writing by Miranda Murray; Editing by Kirsten Donovan)


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