Kuehne takes a stake in Lufthansa to over 10%

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Kuehne takes a stake in Lufthansa to over 10% German businessman and Kuehne and Nagel majority owner Klaus-Michael Kuehne has increased his stake in Lufthansa to over 10%, a stock market disclosure today shows.

In a stock market notice, Kuehne reveals that he passed the 10% ownership threshold in Lufthansa on 8 April through the KA Logistik Beteiligungen unit. 

It doubles his stake in the German airline group from 5% and makes him the second-largest individual shareholder in the group behind the German state. The latter holds 14.1% through the Economic Stabilisation Fund (WSF), after it stepped in with a rescue package during the pandemic. 

Karl Gernandt, executive chairman of Kuehne Holding AG, said: “Kuehne Holding values Lufthansa as one of the world’s leading aviation groups with global aspirations and would like to be a long-term, stable and reliable partner for this company. This is all the more true because the entire logistics industry is facing demanding challenges.

Kühne, the owner of Kühne Holding AG, added: “For my Kühne Holding, the investment in Lufthansa means an excellent rounding off of the previous investment portfolio, in which logistical know-how from various independent investments is bundled. When selecting investments, I attach particular importance to all companies asserting their independence in international competition.”

KA Logistic Beteiligungen is also in the process of changing its name to Kuehne Aviation.

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Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.