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DGAP-Adhoc: Deutsche Lufthansa AG: Deutsche Lufthansa AG negotiates stabilization package for the Group

eqs_en 
0 0 07.05.20
DGAP-Adhoc: Deutsche Lufthansa AG: Deutsche Lufthansa AG negotiates stabilization package for the Group: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/23600/375px-Lufthansa-Logo.svg.png
 

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: [email protected]
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
EQS News ID: 1038739

 
End of Announcement DGAP News Service

1038739  07-May-2020 CET/CEST

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Deutsche Lufthansa AG Stock

€6.81
1.950%
There is an upward development for Deutsche Lufthansa AG compared to yesterday, with an increase of €0.13 (1.950%).
Currently there is a rather positive sentiment for Deutsche Lufthansa AG with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 9 € shows a positive potential of 32.16% compared to the current price of 6.81 € for Deutsche Lufthansa AG.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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