Seven German, Dutch, Swiss and US banks have presented bids to handle the sale of the German Government's remaining stake in national carrier Lufthansa. After the airline's partial privatisation and a rights issue, in which the Government did not participate, the state share in Lufthansa has been diluted from over 51% to 37.5%. The sale could reportedly bring DM2.4 billion ($1.2 million) into state coffers.
Source: Flight International