June 17, 2020 / 11:23 AM / 25 days ago

German Finance Minister Scholz sees no danger of Lufthansa rescue deal collapse

FILE PHOTO: German Finance Minister Olaf Scholz speaks as he attends a news conference, amid the coronavirus disease (COVID-19) outbreak, in Berlin, Germany, June 17, 2020. REUTERS/Annegret Hilse/Pool

BERLIN (Reuters) - German Finance Minister Olaf Scholz said on Wednesday a bailout deal for airline Lufthansa (LHAG.DE) was a good, balanced solution which he hoped shareholders would approve, adding he did not think the agreement was in danger of collapse.

“I am counting on that,” he told reporters after investor Heinz Hermann Thiele criticised the 9 billion euro deal, causing Lufthansa to warn that it might need to apply for creditor protection if there is insufficient shareholder support.

Reporting by Michael Nienaber and Michelle Martin; Writing by Madeline Chambers; Editing by Thomas Seythal

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