May 7, 2020 / 1:25 PM / a month ago

BRIEF-Lufthansa Negotiates Stabilization Package For EUR 9 Billion

May 7 (Reuters) - DEUTSCHE LUFTHANSA AG:

* DEUTSCHE LUFTHANSA AG NEGOTIATES STABILIZATION PACKAGE FOR THE GROUP

* NEGOTIATING A STABILIZATION PACKAGE FOR 9 BILLION EUROS WITH FEDERAL ECONOMIC STABILIZATION FUND (WIRTSCHAFTSSTABILISIERUNGSFONDS - WSF) TO FINANCE LUFTHANSA GROUP.

* NEGOTIATIONS ON FINANCING MEASURES INCLUDE A SILENT PARTICIPATION AND A SECURED LOAN

* VARIOUS ALTERNATIVES OF A CAPITAL INCREASE ARE BEING DISCUSSED, INCLUDING AN INCREASE AT NOMINAL VALUE OF SHARE TO CREATE A SHAREHOLDING OF UP TO 25% PLUS ONE SHARE

* CONDITIONS IN ACCORDANCE WITH EU TEMPORARY FRAMEWORK AND WSF ACT ARE PROVIDED, INCLUDING WAIVER OF FUTURE DIVIDEND PAYMENTS Source text for Eikon: Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below