{"id":352428,"date":"2020-05-21T11:17:55","date_gmt":"2020-05-21T05:47:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=352428"},"modified":"2020-05-21T11:44:53","modified_gmt":"2020-05-21T06:14:53","slug":"german-government-agrees-lufthansa-rescue-offer-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/german-government-agrees-lufthansa-rescue-offer-report\/","title":{"rendered":"German government agrees Lufthansa rescue offer: Report"},"content":{"rendered":"<p>German ministers on Wednesday agreed final details of a rescue deal they will offer coronavirus-stricken airline giant Lufthansa, business daily Handelsblatt reported. <\/p>\n<p>Berlin will take a 20-percent stake in the group, topping it up with a convertible bond worth five percent plus one share &#8212; &#8220;putting the state in a position to build a blocking minority in case of a hostile takeover&#8221;, the newspaper said.<\/p>\n<p>If confirmed, the solution would close weeks of wrangling between Chancellor Angela Merkel&#8217;s CDU conservatives and their centre-left junior partners the SPD.<\/p>\n<p>Pro-business politicians among Merkel&#8217;s ranks have long rejected excessive state involvement in Lufthansa, saying business decisions should be left up to managers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German ministers on Wednesday agreed final details of a rescue deal they will offer coronavirus-stricken airline giant Lufthansa, business daily Handelsblatt reported. Berlin will take a 20-percent stake in the group, topping it up with a convertible bond worth five percent plus one share &#8212; &#8220;putting the state in a position to build a blocking minority in case of a hostile takeover&#8221;, the newspaper said. If confirmed, the solution would close weeks of wrangling between Chancellor Angela Merkel&#8217;s CDU conservatives and their centre-left junior partners the SPD. Pro-business politicians among Merkel&#8217;s ranks have long rejected excessive state involvement in Lufthansa, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-352428","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=352428"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/352428\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=352428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=352428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=352428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}