(Bloomberg) — Deutsche Lufthansa AG’s biggest stockholder said he’d vote in favor of a 9 billion-euro ($10 billion) government bailout, giving the rescue plan a shot of momentum and boosting the airline’s shares and bonds on the eve of a crunch vote.Billionaire Heinz Hermann Thiele told Frankfurter Allgemeine Zeitung that he’d support the package at Thursday’s special shareholder meeting, ending days of frenzied speculation about his intentions. He had earlier criticized a steep discount being granted to the German government on a 20% stake, and held the votes to single-handedly stop the share sale.“I will vote in favor of the …read more
Source:: Yahoo Finance
