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Kuehne boosts Lufthansa stake, scores supervisory board position - Handelsblatt

September 14, 2022 at 04:19 am EDT

BERLIN (Reuters) - German logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa and is to be given a seat on the German airline's supervisory board, the Handelsblatt business daily reported on Wednesday, citing financial sources.

The report did not say how many shares Kuehne had bought from the German government, which bailed out the company to keep it afloat through the COVID-19 pandemic.

(Writing by Rachel More; Editing by Paul Carrel)

Klaus-Michael Kuehne

Klaus-Michael Kuehne is a German businessperson who founded Melmed Holding AG and IPMD GmbH and who has been at the helm of 6 different companies. Presently, Mr. Kuehne occupies the position of Chairman at Klaus-Michael Kuehne Foundation, Chairman at Kühne Logistics University GmbH, Managing Director at Melmed Holding AG and Managing Director & Director at IPMD GmbH. He is also on the board of Kühne + Nagel International AG (former Chairman), Altrazeal AG and Oradisc GmbH and Chairman of Kühne-Stiftung. In the past Mr. Kuehne was Chief Operating Officer at Meldex International Plc and Joint Managing Director at BioProgress Plc (a subsidiary of Meldex International Plc) and Senior Consultant at TSM Corp. Mr. Kuehne received an undergraduate degree from Bucerius Law School.

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