Photographer: Michaela Handrek-Rehle/Bloomberg. Bailout negotiations in other countries where Lufthansa owns airlines are also factoring into the talks. 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. Es provoziert Fragen. 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. 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 … 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. Multi-Milliardär Heinz Hermann Thiele beschafft sich Geld. Privacy Policy | 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. Contact Lufthansa, like the entire aviation sector, has been hit hard by a pandemic-induced travel slump. The offer comes after tens of thousands of people were stranded abroad when the coronavirus outbreak hit. Have a confidential tip for our reporters? Scholz said he expected shareholders to vote in favor of the package, despite deep criticism of the deal from major shareholder Heinz Hermann Thiele. Das Rettungspaket für die schwer angeschlagene Lufthansa schien schon in trockenen Tüchern, da meldet sich ein eigenwilliger Aktionär zu Wort. That negotiation, however, is focused on a state-backed loan program covering about one-third of the German package. Heinz Hermann Thiele, a 79-year-old billionaire, has threatened to scuttle a bailout package for Lufthansa after buying up extra shares. An einem Detail wird deutlich, in … The move will provide about $850 million in cash for the 79-year-old investor as he contemplates his next move. Die Fluglinie ist in Alarmstimmung. Lufthansa-Großaktionär Heinz Hermann Thiele will dem mehrere Milliarden Euro umfassenden Rettungspaket für die Lufthansa zustimmen – trotz seiner Kritik … 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. Heinz Hermann Thiele doubles his stake in the Lufthansa Group. Thiele has taken issue with a different element -- stock being granted to the government at a discount. Germany is negotiating with Lufthansa to reduce the size of its bailout as aid from other the countries takes shape, Bloomberg News reported earlier. "I will vote for the proposal," the paper late on Wednesday quoted Thiele, who owns a 15.5% stake in Lufthansa, as saying. The decision to almost double his stake in the airline group follows a steep decline in the company’s share price due to … He still controls about 65% of Knorr-Bremse. Er ärgert sich über die Rettung durch den Staat und will den mühsamen Kompromiss noch verhindern. 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 … Send Facebook Twitter reddit EMail Facebook Messenger Web Whatsapp Web Telegram linkedin. — 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. 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). The German airline has been hard hit by the coronavirus pandemic and is in talks with the government over a potential bailout. Heinz Hermann Thiele ist der größte Aktionär der Lufthansa. (24.05.2020), Berlin and the German airline giant Lufthansa have agreed on a nine-billion-euro ($9.8 billion) rescue package. Er besitzt 15 Prozent der Lufthansa-Aktien und könnte damit im hohen Alter noch richtig bekannt werden. The boards of the airline unit and Lufthansa Group are set to meet on Monday, the newspaper said. Read more: Lufthansa accepts terms of EU-Germany rescue deal. Die Lufthansa bleibt angesichts des regelrechten Zusammenbruchs des öffentlichen Lebens in immer mehr Ländern der Welt im Krisenmodus - fast … | Mobile version, Lufthansa accepts terms of EU-Germany rescue deal. Die Rettung der Lufthansa vor einer Pleite hängt vom Willen ihres neuen Großaktionärs ab. Bei der Lufthansa … 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. "Am Montagabend habe … Shares of the Frankfurt-based airline are down 39% this year. 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. Depending on attendance, it may require a two-thirds majority to pass. 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. Wer bei Thieles Investmentge… Bei den 4,4 Milliarden, die Lufthansa an der Börse gerade noch wert ist, eröffnet das Raum für Spekulationen. Shares in Lufthansa dropped 5.8% on Monday, ahead of a crunch meeting between the German airline’s biggest shareholder, Heinz Hermann Thiele, … Thiele had modest beginnings. Photo: Lufthansa. As an alternative, the 79-year-old Munich entrepreneur suggested an indirect government participation via Germany's state-owned development bank KfW. 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. 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%. Auf eine zweistellige Milliardensumme wurde sein Privatvermögen zuletzt geschätzt. Updates with economy ministry comment in 10th paragraph. D er Münchner Unternehmer Heinz Hermann Thiele will den Rettungsplan für die angeschlagene Fluggesellschaft Lufthansa mit dem Einstieg des Staates nachverhandeln. The proceeds will be used “to support Mr. Thiele’s other private investments,” his KB Holding GmbH said in a statement. Lufthansa-Großaktionär Heinz Hermann Thiele hat seinen Anteil vor der entscheidenden außerordentlichen Hauptversammlung zum Staatseinstieg kräftig aufgestockt. Now, Lufthansa Group fears he will deny them the majority votes required to approve the bailout. Es gibt Spekulationen über weitere Investitionen in die Lufthansa als Alternative zum Staat. Thiele disclosed earlier this week that he had increased his holding in the carrier by more than half, to about 15.5%. (25.05.2020), © 2021 Deutsche Welle | At that point Thiele hadn’t even repaid the mortgage on his house, he said in an interview with FAZ. 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. 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. The airline has warned it may apply for bankruptcy protection if the deal fails. Heinz Hermann Thiele, a 79-year-old billionaire, has threatened to scuttle a bailout package for Lufthansa after buying up extra shares. 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 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. Lufthansa: Heinz Hermann Thiele: Großaktionär mit dem Willen zur Macht. German Finance Minister Olaf Scholz denied on Wednesday that the federal government's Lufthansa rescue package was at risk of collapse. Thiele's comments caused Lufthansa to warn that it might be forced to apply for creditor protection if the deal lacks sufficient shareholder support. The airline group has said it faces a cash crunch and may not be able to pay its employees in July. Before it's here, it's on the Bloomberg Terminal. 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. Er könnte das Rettungspaket platzen lassen. Entscheidend ist eine kommende Abstimmung, bei der die Lufthansa jedoch nur wenig Chancen auf Erfolg sieht. 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. Vanessa Golz, who covers Lufthansa for investment fund Deka, which owns 0.9% of the airline, defended the deal, and said time was pressing. Der Milliardär Heinz Hermann Thiele will sich nicht festlegen, ob er das Hilfspaket verhindern wird. (07.06.2020), Lufthansa plans to restart service to tourist destinations in Europe. Das … Heinz Hermann Thiele meint es offenbar ernst mit einem Engagement bei Lufthansa: Kurz vor der Hauptversammlung ließ der Milliardär sich Knorr-Bremse-Papiere versilbern. Heinz-Hermann Thiele tut das nicht. Heinz Hermann Thiele (* 2. 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. The deal is intended to help the airline cope with losses incurred by the effects of the COVID-19 pandemic. 2019 lagen er und seine Familie auf Platz sechs der Liste der vermögendsten Deutschen. The task now is to draw up a future concept for a 'new Lufthansa' as quickly as possible. Its stock price has increased about 2% this year. Before the extraordinary shareholder meeting, the major shareholder Heinz Hermann Thiele takes centre stage. 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. 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. Der Lufthansa-Vorstand hält davon wenig. Einen Beliebtheitswettbewerb wird … Der 79-jährige formte aus dem Mittelständler Knorr-Bremse einen Weltmarktführer. 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. 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.. Aus Ärger über die Staatshilfe für die Lufthansa droht der größte Aktionär Heinz Hermann Thiele den mühsamen Kompromiss in letzter Minute zu verhindern. 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. Legal notice | Eher schon ist anzunehmen, dass der gebürtige Mainzer weiter aufstockt. 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. 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. Thiele caused widespread upset on Wednesday when he argued that Lufthansa should reject the terms of the bailout package. 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. 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. Finance Ministry spokesman Christoph Kuhn referred to Scholz’s comments this week when he said there is a “good offer on the table.”. We use cookies to improve our service for you. Heinz Hermann Thiele zählt zu den zehn reichsten Deutschen. Der Milliardär Heinz Hermann Thiele ist in der Coronakrise zum größten Lufthansa-Aktionär aufgestiegen. 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. You can find more information in our data protection declaration. 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. With his recent purchases, Thiele’s stake in Lufthansa totals about 733 million euros. A spokesman for the Belgian Finance Ministry had no immediate comment. Lufthansa declined to comment on the report. The complex dynamics at play have turned the rescue of Europe’s biggest airline into a white-knuckle ride. Der deutsche Multimilliardär kaufte Aktien der Fluggesellschaft im Wert von aktuell rund 440 Millionen Euro. It's completely irresponsible.". All eyes are on self-made billionaire Thiele, who, as the largest shareholder […] 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%. Selfmade-Milliardär Heinz-Hermann Thiele will die Konditionen nachverhandeln. Otherwise there are only losers: Lufthansa employees, the taxpayer and the shareholders," she said. Heinz Hermann Thiele, a 79-year-old billionaire, has amassed a stake in the carrier of about 15.5%, making him the largest shareholder. Das nötige Geld, um zu kaufen, wenn die Kanonen donnern, wie es eine alte Börsenweisheit rät, hat er zweifellos. An Airbus SE A350-900 aircraft, operated by Deutsche Lufthansa AG. ‘Dark Money’ Helped Pave Joe Biden’s Path to the White House, U.S. Cases Near 25 Million; U.K. Shareholders will meet on June 25 to approve, or reject, the deal.