Lufthansa on radar of Abu Dhabi sovereign wealth fund - report (translated)
Lufthansa [LHA:GR], a German airline group, has attracted the interest of a sovereign wealth fund from Abu Dhabi, ARD reported. The German TV broadcaster quoted an unconfirmed report published by a local magazine, which - in turn - quoted unidentified sources close to the situation.
The report claimed that the unidentified sovereign wealth fund is interested in acquiring a “small stake” in Lufthansa. The rumour caused the airline’s share price to rise by up to 4%.
Lufthansa has a market cap of EUR 5.676bn