The German Government completed the sale of its remaining 37.5% stake in Lufthansa on 13 October, in what was the second biggest privatisation in the country's history.
Lufthansa says that the offering was twice oversubscribed, with purchasers mostly buying at the fixed price of DM33.30 ($19) a share. Just over half of the DM4.7 billion sale has gone to private investors in Germany, with the remaining stock being sold to domestic and foreign institutions.
Lufthansa says that after the flotation, 37% of the airline's stock is now in foreign hands.
Although the share price dropped by DM0.1 in the first day's trading, and continued to sink slightly, Lufthansa chairman Jürgen Weber says that he is sticking to his goal of an eventual share price of DM50.
Source: Flight International
