June 25, 2020 / 4:30 PM / 14 days ago

Lufthansa investors back $10 bln German government rescue

LONDON, June 25 (Reuters) - Lufthansa shareholders on Thursday backed a 9 billion euro ($10 billion) government bailout, securing the future of Germany's flagship airline after it was brought to the brink of collapse by the COVID-19 pandemic.

The plan, backed by 98% of the shareholder capital that cast a vote at the online meeting, will see Berlin take a 20% stake in Lufthansa and two board seats.

Reporting by Ilona Wissenbach and Ludwig Burger; Editing by Edmund Blair

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