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Germany to take 25.1% stake in Lufthansa

Lufthansa (LHAG.DE) is arranging a 10 billion euro ($10.98 billion) bailout that would bring about Germany taking a 25.1% stake in the aircraft, week after week paper Der Spiegel said on Friday.

Of that all out, 5.5 billion euros would be as non-casting a ballot capital, for which the German government needs a coupon of 9%, the paper said.

A further 3.5 billion euros in credits would be given by state bank Kreditanstalt für Wiederaufbau (KFW), the paper stated, including that Belgium, Austria and Switzerland may contribute towards the bailout.

An administration source who declined to be named stated: “The dealings and conversations proceed.”

Lufthansa is arranging a 9 billion euro bailout, with credits from Austria, Germany and Switzerland adding up to 6 billion euros, with a value part of around 3 billion euros, refering to a source near the issue.

Lufthansa and was not quickly accessible for input.