German Government to sell quarter of its 20% stake in Lufthansa airlines (Lufthansa)

Germany plans to sell up to a quarter of its 20% stake in Lufthansa over the coming weeks, the German finance agency said on Monday, citing positive developments at the bailed-out airline. Lufthansa shares fell as much as 4.9% to 8.81 euros in early trade after the announcement. The state’s 20% stake was acquired for 300 million euros ($353.67 million) as part of a bailout for the German carrier as the company and the entire aviation sector took a battering from the coronavirus crisis.