Deutsche Lufthansa AG: Deutsche Lufthansa AG negotiates stabilization package for the Group
May 07, 2020 at 09:20 am EDT
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DGAP-Ad-hoc: Deutsche Lufthansa AG / Key word(s): Financing
Deutsche Lufthansa AG: Deutsche Lufthansa AG negotiates stabilization package for the Group
07-May-2020 / 15:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Deutsche Lufthansa is negotiating a stabilization package for 9 billion euros with the Federal Economic Stabilization Fund (Wirtschaftsstabilisierungsfonds - WSF) to finance the Lufthansa Group. The negotiations and the process of political decision-making are still ongoing.
The negotiations on financing measures include a silent participation and a secured loan. The conditions are currently being discussed. A stake by the German government in the company's share capital is also part of the negotiations. In this context, various alternatives of a capital increase are being discussed, including an increase at the nominal value of the share, if necessary after a capital cut, to create a shareholding of up to 25% plus one share. In addition, conditions in accordance with the EU Temporary Framework and WSF Act are provided, including the waiver of future dividend payments. In addition, the WSF is seeking representation within the Supervisory Board.
The Executive Board of Deutsche Lufthansa AG is continuing negotiations with the aim of ensuring the future viability of the company for the benefit of its customers and employees.
Responsible: Dennis Weber, Head of Investor Relations, Phone +49 69 696 28000
07-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Deutsche Lufthansa AG
Venloer Str. 151-153
50672 Cologne
Germany
Phone:
+49 (0)69 696 28000
Fax:
+49 (0)69 696 90990
E-mail:
investor.relations@dlh.de
Internet:
www.lufthansagroup.com/investor-relations
ISIN:
DE0008232125, DE0008232125
WKN:
823212
Indices:
DAX
Listed:
Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Tradegate Exchange
Deutsche Lufthansa AG is a Germany-based aviation company, which provides passenger and cargo air transportation services worldwide. The Company's segments include Passenger Airlines, Logistics, MRO and Catering. The Passenger Airlines segment includes Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines and Eurowings. The Logistics segment includes the airfreight container management specialist Jettainer group, the time:matters Group, which specialises in urgent shipments, the subsidiary Heyworld, which specialises in tailored solutions for the e-commerce sector, CB Customs Broker, the customs and customs clearance specialist, and the Lufthansa Groupâs 50% stake in the cargo airline AeroLogic. The MRO segment, represented by the Lufthansa Technik group, is a global provider of maintenance, repair and overhaul services for civil and commercial aircraft. The Catering segment consists of traditional catering and onboard retail along with food commerce activities.