May 6, 2020 / 1:11 PM / 20 days ago

German conservatives against taking Lufthansa stake - report

FILE PHOTO: Planes of German carrier Lufthansa are parked on a closed runway at the airport in Frankfurt, Germany, March 23, 2020, as the spread of the coronavirus disease (COVID-19) continues. REUTERS/Kai Pfaffenbach/File Photo

BERLIN (Reuters) - The parliamentary party of German Chancellor Angela Merkel’s Christian Democrats and their sister Christian Social Union are against a plan for the state to take a 25% stake in Lufthansa (LHAG.DE), the Handelsblatt newspaper reported on Wednesday.

The newspaper cited unnamed parliamentary sources as saying the leadership of the party had taken that position at a meeting on Monday, with leading members of the party instead favouring a state bailout without influence on running the airline.

Reporting by Emma Thomasson; editing by Thomas Seythal

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