Wed, 22 Sep 2021 14:06:47 GMT
Lufthansa stock plummets almost 30%
On Wednesday, Lufthansa initiated a stock rights offering. As a result of the event, the price of the stock plummeted by 27.92%.
The stock offering was made to raise capital. Namely, the company decided to raise 2.14 billion Euros to pay back the German government a part of the state aid that the company received during the coronavirus pandemic.
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