20 Sep 2021

Lufthansa to raise €2.1bn to repay the state bailout earlier

Deutsche Lufthansa AG (LHA:ETR) | 0 0 0.0%

- Yi Zhong
- 2 pages

The group has announced a capital increase of €2,140m, of which the scale is smaller than our assumption of €2,500m but the 597.7m increase in the number of new shares is larger than our assumption of 340m. We expect a lower target price due to a larger-than-expected dilution effect.

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Lufthansa to raise €2.1bn to repay the state bailout earlier

Deutsche Lufthansa AG (LHA:ETR) | 0 0 0.0%

Published: 20 Sep 2021
Author: Yi Zhong
Pages: 2

The group has announced a capital increase of €2,140m, of which the scale is smaller than our assumption of €2,500m but the 597.7m increase in the number of new shares is larger than our assumption of 340m. We expect a lower target price due to a larger-than-expected dilution effect.