Thiele's heirs unwind Lufthansa stake
By Aidan Gregory 10.00 AM The family of Heinz-Herman Thiele, the late German billionaire industrialist, sold over half their stake in Deutsche Lufthansa, the German flag carrier, via an accelerated bookbuild on Thursday night. KB Holding, the Thiele family vehicle, sold 33m shares, a 5.5% stake in Lufthansa, raising €323.4m. At the €9.80 offer price, investors received a 9.8% discount to the closing price of Lufthansa on Thursday. The books were covered inside 15 minutes, according to a source close to ... Already a subscriber? Login
Source: globalcapital.com
