The excitement is great. A week before the crucial shareholder, the Lufthansa warns before Failure of the rescue package. Reason, an Interview of its major shareholder Thiele is.
Frankfurt/Main (dpa) – Shortly before the decisive shareholders ‘ meeting, the nerves are at the ailing Lufthansa blank.
The company completed a self-administered insolvency, do not agree to the shareholders of the multibillion-dollar Rescue package next week.
the Background is the criticism of the major shareholder Heinz Hermann Thiele, has increased its share to 15 per cent of a surprise. The airline fears that Thiele collections, given the usually weak presence of shareholders on the rescue plan could block.
Should the shareholders on 25. June, do not agree to, it would mean “the fact that Deutsche Lufthansa AG may have to apply in a timely manner for the annual General meeting insolvency and legal protection proceedings, if it comes immediately to a different solution,” said the airline.
In an Interview In the “Frankfurter Allgemeine Zeitung” (Wednesday) showed Thiele dissatisfied with the rescue package, particularly with the planned state entry. “I am firmly of the Belief that the state is not the best entrepreneurs,” said the entrepreneur.
At the same time, he stressed, the increase of its stake was “not a Signal to vote at the annual General meeting against anything”. He warned, however, that Lufthansa-Chef Carsten Spohr had not named the with the Federal government treated Alternatives.
“set The needs to the Executive Board on the table,” said Thiele. “I guess Mr Spohr, but to me the statement from him is not enough, it’s all been tested and their own ideas were not enforceable. I think you would have more intense can negotiate.”
Lufthansa’s Executive Board currently assumes that the presence at the extraordinary shareholders ‘ meeting is less than 50% will lie. In view of the Statements Thieles of the Board of Directors believe that it is possible, “that the stabilization package could fall short of the necessary two-thirds majority of the votes available”. The Board of Directors informed to all shareholders, “the urgent appeal to exercise their right to vote and the decision on the future of the company to participate”.
On the question of his voting behaviour at the annual General meeting, Thiele took a cautious approach. “You will be expected at the present time, from me not a statement, as I decide. I’m not going to but block certainly here, or slow down,” said the businessman, the main shareholder during braking specialist Knorr-Bremse. He would rather hope that there is still something in motion, causes could be.
The question of whether he would take action against any decision of the General meeting, replied to the 79-Year-old also reserved. “I’m not that far yet,” he said. “But I see now a Chance the issue open.”
The nine billion Euro rescue plan for the Lufthansa provides that the state’s economic stabilization Fund (WSF) signed in the course of a capital increase shares, to a participation of 20 percent of the share capital of the airline to build up. In addition, silent participations out of a total of up to 5.7 billion euros and a credit in the amount of up to EUR 3 billion are planned.
In return for the help the Lufthansa has to Start 24 – and land rights to its major airports in Frankfurt and Munich in the competition to give. Spohr wants to present to the shareholders, in addition, a savings concept. It job cuts and harsh cuts to threaten. The calculated Overhang of the Corona-crisis, the group is estimated to be of 22,000 full-time jobs, half of them are on Germany. Management and trade unions struggle currently to a package of Austerity measures. The group employs approximately 138.000 employees.
agreement on Lufthansa’s rescue package
Supervisory Board Lufthansa’s rescue package
Lufthansa-message 1. Quarter
Lufthansa-communication of 17.June annual shareholders ‘ meeting
Lufthansa to make overhang
