Shareholders will meet on June 25 to approve, or reject, the deal. You can find more information in our data protection declaration. The German billionaire who owns the biggest stake in Deutsche Lufthansa AG is building a war chest of cash as he agitates for eleventh-hour changes to the distressed airline’s 9 billion-euro ($10 billion) rescue. Stocking up on cash gives Thiele flexibility, including to further increase his stake in Lufthansa, and provides him with leverage as the airline heads into a crucial shareholder vote next week to approve elements of the German aid package. (25.05.2020), © 2021 Deutsche Welle | Finance Ministry spokesman Christoph Kuhn referred to Scholz’s comments this week when he said there is a “good offer on the table.”. Heinz Hermann Thiele, a 79-year-old billionaire, has threatened to scuttle a bailout package for Lufthansa after buying up extra shares. Heinz-Hermann Thiele, the German billionaire who owns 15.5% of Lufthansa Group in a recent interview expressed frustration over the terms and conditions of the group’s government rescue package of €9 billion. April 1941 in Mainz) ist ein deutscher Unternehmer, Hauptaktionär und Aufsichtsratsvorsitzender der Vossloh AG sowie Hauptaktionär der Knorr-Bremse AG, eines der weltweit führenden Hersteller von Bremssystemen für Schienen- und Nutzfahrzeuge. Have a confidential tip for our reporters? Das nötige Geld, um zu kaufen, wenn die Kanonen donnern, wie es eine alte Börsenweisheit rät, hat er zweifellos. Wer bei Thieles Investmentge… Before the extraordinary shareholder meeting, the major shareholder Heinz Hermann Thiele takes centre stage. Privacy Policy | Die Rettung der Lufthansa vor einer Pleite hängt vom Willen ihres neuen Großaktionärs ab. Send Facebook Twitter reddit EMail Facebook Messenger Web Whatsapp Web Telegram linkedin. Der Milliardär Heinz Hermann Thiele will sich nicht festlegen, ob er das Hilfspaket verhindern wird. Thiele’s incursion comes at a crucial time, ahead of a shareholder vote scheduled for June 25 that Lufthansa has warned is in danger of failing. Thiele's comments caused Lufthansa to warn that it might be forced to apply for creditor protection if the deal lacks sufficient shareholder support. Thiele is particularly opposed to the government taking a 20% stake in the airline, and its demand for two board seats — two of the requirements for the €9 billion ($10.1 billion) financial injection of taxpayer funds. Thiele has taken issue with a different element -- stock being granted to the government at a discount. Lufthansa declined to comment on the report. D er Münchner Unternehmer Heinz Hermann Thiele will den Rettungsplan für die angeschlagene Fluggesellschaft Lufthansa mit dem Einstieg des Staates nachverhandeln. Entscheidend ist eine kommende Abstimmung, bei der die Lufthansa jedoch nur wenig Chancen auf Erfolg sieht. ‘Dark Money’ Helped Pave Joe Biden’s Path to the White House, U.S. Cases Near 25 Million; U.K. Heinz Hermann Thiele said Thursday that he plans to sell 8 million shares of Knorr-Bremse AG , the Munich-based brake-maker that underpins his $16.9 billion fortune. Shares in Lufthansa dropped 5.8% on Monday, ahead of a crunch meeting between the German airline’s biggest shareholder, Heinz Hermann Thiele, … We use cookies to improve our service for you. Heinz Hermann Thiele Der Mann, dem jetzt ein Zehntel der Lufthansa gehört Unternehmer kauft zehn Prozent der Lufthansa – in den ersten Wirren der Covid-19-Krise lief diese Nachricht als Randnotiz. In 2011, Knorr-Bremse said Thiele was increasingly focusing on his personal interests.Thiele plans to hand over Knorr-Bremse to his daughter and has told local media that estate planning factored into his decision to list the company in 2018, which helped to catapult Thiele higher in the ranks of Germany’s wealthiest. That negotiation, however, is focused on a state-backed loan program covering about one-third of the German package. Aus Ärger über die Staatshilfe für die Lufthansa droht der größte Aktionär Heinz Hermann Thiele den mühsamen Kompromiss in letzter Minute zu verhindern. According to the aviation website, CH-Aviation quoting a stock market filing, the 78-year-old Munich-based billionaire has increased his stake in the Lufthansa Group from 5.29% to 10.01%. The complex dynamics at play have turned the rescue of Europe’s biggest airline into a white-knuckle ride. Thiele caused widespread upset on Wednesday when he argued that Lufthansa should reject the terms of the bailout package. He’s now the nation’s third-richest, according to the Bloomberg Billionaires Index, behind shipping billionaire Klaus-Michael Kuehne and SAP SE co-founder Hasso Plattner. Heinz Hermann Thiele (* 2. Lufthansa’s chances of winning approval for a 9 billion euros (8.16 billion pounds) government bailout improved on Wednesday after billionaire Heinz Hermann Thiele, who owns a … | Mobile version, Lufthansa accepts terms of EU-Germany rescue deal. He still controls about 65% of Knorr-Bremse. An einem Detail wird deutlich, in … Contact Auf eine zweistellige Milliardensumme wurde sein Privatvermögen zuletzt geschätzt. Vanessa Golz, who covers Lufthansa for investment fund Deka, which owns 0.9% of the airline, defended the deal, and said time was pressing. A spokesman for the Belgian Finance Ministry had no immediate comment. Selfmade-Milliardär Heinz-Hermann Thiele will die Konditionen nachverhandeln. Heinz Hermann Thiele, a 79-year-old billionaire, has threatened to scuttle a bailout package for Lufthansa after buying up extra shares. Read more:  Lufthansa accepts terms of EU-Germany rescue deal. (24.05.2020), Berlin and the German airline giant Lufthansa have agreed on a nine-billion-euro ($9.8 billion) rescue package. Es gibt Spekulationen über weitere Investitionen in die Lufthansa als Alternative zum Staat. The proceeds will be used “to support Mr. Thiele’s other private investments,” his KB Holding GmbH said in a statement. Heinz Hermann Thiele zählt zu den zehn reichsten Deutschen. The decision to almost double his stake in the airline group follows a steep decline in the company’s share price due to … Lufthansa Pleads With Investors to Back $10 Billion Bailout, Lufthansa’s German Bailout May Shrink With Rival Aid Coming In, Ryanair’s Chief Is on a Mission to Wreck EU Airline Rescues, Economy Ministry spokesman Korbinian Wagner declined to comment Friday on whether a meeting is scheduled with Thiele. German investor Heinz Hermann Thiele sharply criticised a 9-billion-euro (8.06 billion pounds) bailout deal for carrier Lufthansa, saying he had raised his stake in the group to more than 15% and hoped alternative options could be explored.. The Monday meeting will include Thiele, Lufthansa Chief Executive Officer Carsten Spohr, and the two German ministers who brokered the deal: Finance Minister Olaf Scholz and … Er ärgert sich über die Rettung durch den Staat und will den mühsamen Kompromiss noch verhindern. German Finance Minister Olaf Scholz denied on Wednesday that the federal government's Lufthansa rescue package was at risk of collapse. The airline has warned it may apply for bankruptcy protection if the deal fails. Its stock price has increased about 2% this year. Now, Lufthansa Group fears he will deny them the majority votes required to approve the bailout. Bailout negotiations in other countries where Lufthansa owns airlines are also factoring into the talks. Thiele disclosed earlier this week that he had increased his holding in the carrier by more than half, to about 15.5%. "I will vote for the proposal," the paper late on Wednesday quoted Thiele, who owns a 15.5% stake in Lufthansa, as saying. Thiele had modest beginnings. Lufthansa's chances of winning approval for a 9 billion euros government bailout improved on Wednesday after billionaire Heinz Hermann Thiele, who owns a 15.5% stake, told Frankfurter Allgemeine Zeitung he would endorse the rescue. Die Lufthansa bleibt angesichts des regelrechten Zusammenbruchs des öffentlichen Lebens in immer mehr Ländern der Welt im Krisenmodus - fast … "Am Montagabend habe … Talks with Belgium are ongoing, with the Brussels Times reporting on Friday that Lufthansa may allow its Brussels Airlines unit to go bankrupt if no deal is reached. Eher schon ist anzunehmen, dass der gebürtige Mainzer weiter aufstockt. Depending on attendance, it may require a two-thirds majority to pass. As an alternative, the 79-year-old Munich entrepreneur suggested an indirect government participation via Germany's state-owned development bank KfW. Der 79-jährige formte aus dem Mittelständler Knorr-Bremse einen Weltmarktführer. Its wish for the government to take a direct stake in Lufthansa is putting the jobs of hundreds of thousands of Lufthansa employees at risk. Updates with economy ministry comment in 10th paragraph. Photographer: Michaela Handrek-Rehle/Bloomberg. Before it's here, it's on the Bloomberg Terminal. Er besitzt 15 Prozent der Lufthansa-Aktien und könnte damit im hohen Alter noch richtig bekannt werden. Otherwise there are only losers: Lufthansa employees, the taxpayer and the shareholders," she said. Die Fluglinie ist in Alarmstimmung. (07.06.2020), Lufthansa plans to restart service to tourist destinations in Europe. Bei den 4,4 Milliarden, die Lufthansa an der Börse gerade noch wert ist, eröffnet das Raum für Spekulationen. Bei der Lufthansa … Handelsblatt separately reported that Thiele is seeking talks with Finance Minister Olaf Scholz, who so far has refused to alter a package that took months to pull together. The deal is intended to help the airline cope with losses incurred by the effects of the COVID-19 pandemic. Das … Warns on Variants: Virus Update, What to Know About Vaccine-Linked Deaths, Allergies, Larry King, TV Host Who Interviewed Presidents, Dies at 87, Trump-Branded New York Building Looks to Remove President’s Name. The move will provide about $850 million in cash for the 79-year-old investor as he contemplates his next move. Heinz Hermann Thiele ist der größte Aktionär der Lufthansa. 2019 lagen er und seine Familie auf Platz sechs der Liste der vermögendsten Deutschen. Multi-Milliardär Heinz Hermann Thiele beschafft sich Geld. He started at Knorr-Bremse in 1969 as a legal specialist in the patents department, and rose through the ranks before buying the company in 1985. It's completely irresponsible.". Heinz Hermann Thiele doubles his stake in the Lufthansa Group. Germany is negotiating with Lufthansa to reduce the size of its bailout as aid from other the countries takes shape, Bloomberg News reported earlier. Switzerland is guaranteeing loans of 1.28 billion francs ($1.35 billion), while Austria’s government and the country’s banks will inject 450 million euros. Lufthansa, like the entire aviation sector, has been hit hard by a pandemic-induced travel slump. Lufthansas größter Einzelaktionär, Heinz Hermann Thiele, könnte das Rettungspaket für den Kranich doch noch zum Scheitern bringen. "If the position of the shareholders can be improved, this is to be welcomed, but with a sense of proportion. Read more:  Opinion: When the state gets on board, The CEO of Lufthansa has promised to bring home any German resident that it flies abroad this summer. Heinz Hermann Thiele, a 79-year-old billionaire, has amassed a stake in the carrier of about 15.5%, making him the largest shareholder. The offer comes after tens of thousands of people were stranded abroad when the coronavirus outbreak hit. An Airbus SE A350-900 aircraft, operated by Deutsche Lufthansa AG. Read more:  Lufthansa: Up to 26,000 jobs at risk, Michael Theurer, a senior member of the opposition Free Democrats (FDP) also criticized the deal in comments to Reuters: "The German government has taken a high-risk bet. Lufthansa: Heinz Hermann Thiele: Großaktionär mit dem Willen zur Macht. Der Lufthansa-Vorstand hält davon wenig. Heinz Hermann Thiele said Thursday that he plans to sell 8 million shares of Knorr-Bremse AG, the Munich-based brake-maker that underpins his $16.9 billion fortune. Das Rettungspaket für die schwer angeschlagene Lufthansa schien schon in trockenen Tüchern, da meldet sich ein eigenwilliger Aktionär zu Wort. The boards of the airline unit and Lufthansa Group are set to meet on Monday, the newspaper said. Großaktionär Heinz Hermann Thiele Welche Rolle der Milliardär bei der Lufthansa spielt Vor ein paar Wochen stieg der Unternehmer und Investor günstig bei der Lufthansa ein. The airline group has said it faces a cash crunch and may not be able to pay its employees in July. Heinz Hermann Thiele meint es offenbar ernst mit einem Engagement bei Lufthansa: Kurz vor der Hauptversammlung ließ der Milliardär sich Knorr-Bremse-Papiere versilbern. Scholz said he expected shareholders to vote in favor of the package, despite deep criticism of the deal from major shareholder Heinz Hermann Thiele. Thiele, a prominent billionaire — who is the majority owner of the commercial vehicle and rail brake manufacturer Knorr-Bremse — made the comments in an interview with Frankfurter Allgemeine Zeitung newspaper, revealing that he had raised his stake in Europe's largest airline to 15%. Legal notice | He told German newspaper Frankfurter Allgemeine Sonntagszeitung that he’s unhappy with terms of the bailout and wants a better deal for shareholders, though he stopped short of saying he’d oppose it. Heinz-Hermann Thiele tut das nicht. Er könnte das Rettungspaket platzen lassen. Der deutsche Multimilliardär kaufte Aktien der Fluggesellschaft im Wert von aktuell rund 440 Millionen Euro. For its approval under European Union competition law, the European Commission also requires that the airline surrender 24 of its take-off and landing rights in Frankfurt and Munich to rivals. Photo: Lufthansa. Shares of the Frankfurt-based airline are down 39% this year. Lufthansa’s biggest shareholder, billionaire Heinz Hermann Thiele, is set to meet Germany’s economics minister on Monday to discuss a government bailout to the tune of roughly €9 billion (US$10.07 billion). For weeks, the federal government, Lufthansa and the EU worked on a rescue plan for the airline that is submitted to a shareholders’ vote on 25 June at 12:00. Es provoziert Fragen. Lufthansa-Großaktionär Heinz Hermann Thiele hat seinen Anteil vor der entscheidenden außerordentlichen Hauptversammlung zum Staatseinstieg kräftig aufgestockt. All eyes are on self-made billionaire Thiele, who, as the largest shareholder […] With his recent purchases, Thiele’s stake in Lufthansa totals about 733 million euros. At that point Thiele hadn’t even repaid the mortgage on his house, he said in an interview with FAZ. Lufthansa-Großaktionär Heinz Hermann Thiele will dem mehrere Milliarden Euro umfassenden Rettungspaket für die Lufthansa zustimmen – trotz seiner Kritik … The German airline has been hard hit by the coronavirus pandemic and is in talks with the government over a potential bailout. Der Milliardär Heinz Hermann Thiele ist in der Coronakrise zum größten Lufthansa-Aktionär aufgestiegen. Einen Beliebtheitswettbewerb wird … The task now is to draw up a future concept for a 'new Lufthansa' as quickly as possible. — With assistance by Birgit Jennen, Iain Rogers, Matthias Wabl, and Aoife White, Billionaire Thiele to sell $850 million chunk of Knorr-Bremse, Investor seeks better terms on Lufthansa’s German bailout.