The logistics entrepreneur Klaus-Michael Kühne has acquired Europe’s largest Arline Group and is now the largest single shareholder.
(Photo: IMAGO/Arnulf Hettrich)
Frankfurt Klaus-Michael Kühne uses Lufthansa’s low share price to make additional purchases. The logistics company has increased its stake in the airline from 10 to 15 percent. This emerges from a mandatory notification by Lufthansa. Kühne joined Europe’s largest airline group in March. The shares are held by Kühne Aviation GmbH. It is now the largest single shareholder in “Hansa” ahead of the Federal Economic Stabilization Fund (a good 14 percent).
Karl Gernandt, Executive Chairman of Kühne Holding AG, supported Lufthansa on Tuesday despite the major problems in flight operations. The entire economy and the logistics industry are currently facing major challenges, he told Handelsblatt on request.
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