BERLIN (Reuters) – Lufthansa’s plan to sell a stake in its Lufthansa Technik aircraft maintenance business has attracted more interest from financial investors than rival engineering firms, a source told Reuters on Thursday.
The airline was more likely to opt for a stake sale of around 20% to 30% than the alternative of launching an IPO, the source added.
Separately, business newspaper Handelsblatt reported that Lufthansa plans to start talks with private equity investors in December over the sale of the stake.
At best, the board could have a list of non-binding offers by January 2023, the paper said. The board is aiming for a valuation of between €6 billion and €8 billion, including debt, he added, citing Lufthansa sources.
Lufthansa CFO Remco Steenbergen had said in August that the sale process would begin in early 2023. He left open whether Lufthansa had committed to selling shares and backed out of an IPO. The company declined to comment when questioned on Thursday.
(By Ilona Wissenbach)
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