Lufthansa stock plummets almost 30%

Note: This section contains information in English only.
Source: Dukascopy Bank SA


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.

The subscription period for the rights issue would last from September 22 to October 5 and would create nearly 600 million new shares.
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