Hogan Lovells advises Bundesrepublik Deutschland – Finanzagentur GmbH on the sale of a block of shares constituting its remaining shareholding in Deutsche Lufthansa AG

Led by Frankfurt partners Michael Schlitt and Tim Oliver Brandi, global law firm Hogan Lovells advised the Bundesrepublik Deutschland – Finanzagentur GmbH (Finanzagentur) on the sale of the remaining shareholding in Deutsche Lufthansa AG (DLH) held by the German Economic Stabilization Fund (WSF).

Hogan Lovells advised the WSF already in 2020 with regard to the stabilization of DHL in the Covid crisis. The stabilization consisted in silent participations of about EUR 5.7bn. In addition, the WSF subscribed for new shares from a capital increase of DLH and acquired a 20 per cent. shareholding this way. In 2021 Hogan Lovells advised the WSF on the reduction of its shareholding and the subsequent participation in a further capital increase of DLH. Afterwards, the WSF held 14.09 per cent. in DLH.

Hogan Lovells then advised the WSF in further partial sales of its shareholding. Thus, the WSF already announced on July 28, 2022 by a notification of voting rights that it had reduced its shareholding to 9.92 per cent.

WSF has now sold all of its remaining shareholding to international investors in a block trade. Hogan Lovells, again, advised the WSF on corporate and capital markets law in this transaction. 

Hogan Lovells Team for Bundesrepublik Deutschland – Finanzagentur GmbH

Frankfurt

Prof. Dr. Michael Schlitt (Partner), Dr. Tim Oliver Brandi (Partner, both lead), Dr. Susanne Ries (Of Counsel), Mark Devlin, Dr. Sebastian Biller (both Counsel), Christian Schröder (Associate) (all Corporate and Capital Markets);

New York

Ben Garcia (Partner, US Law)

Inhouse (Finanzagentur/Economic Stabilization Fund, Frankfurt): Bernd Giersberg, Dr. Florian Hassner

 


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