The German state acquired a one-fifth share in the airline for 300 million euros (7.6 billion crowns) as part of a rescue package.
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State aid for nine billion euros (228.7 billion crowns) was conditioned by the restructuring of airlines. The WSF fund invested 5.7 billion euros (144.9 billion crowns) in the airline. The rest to the nine billion euros was a loan from the state and private banks.
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The WSF said it would sell the entire stake, which is now worth more than one billion euros, by the end of 2023. Lufthansa plans to issue new shares so that it can return part of the money from the rescue program to taxpayers.
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The issue will probably take place before the parliamentary elections in Germany on September 26. Shareholders approved a possible capital increase of 5.5 billion euros.
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Around 1 p.m. CET, Lufthansa’s shares fell on the Frankfurt Stock Exchange by 3.23 percent to 8.96 euros apiece.
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