Thiele family sold more than half its stake in Lufthansa
05/20/2021 | 05:59pm EDT
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(Reuters) -The Thiele family, Deutsche Lufthansa AG's second-largest shareholder, sold more than half of its stake in the airline group following the death of Heinz Hermann Thiele, the bookrunner said in a statement on Thursday.
KB Holding GmbH, Thiele family's investment vehicle, sold 33 million of its 60 million shares, the statement said, at a placement price of 9.80 euros per share.
The placement price represented about 10 percent discount to Thursday's closing price of 10.8680 euros and made the sale worth 323.4 million euros ($395.42 million).
Heinz Hermann Thiele, majority owner of German braking systems maker Knorr-Bremse, died in February at the age of 79.