Klaus-Michael Kuehne overtakes the German government as Lufthansa’s biggest shareholder
Germany’s richest man is now the largest shareholder in Deutsche Lufthansa after reinvesting a chunk of a fortune he made in logistics into Europe’s biggest airline.
Lufthansa shares gained as much as 3.3% in Frankfurt, trading up 2.1% at €5.63 at 9.33am in Frankfurt. The company’s stock has fallen about 9% since the start of the year. Kuehne could not immediately be reached for comment by Bloomberg. Kuehne, who also expressed interest in taking a board seat at Lufthansa, is worth $35.1bn, according to the Bloomberg Billionaires index. He is honorary chair and majority owner of Kuehne + Nagel, the world’s largest sea-freight forwarder.
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