Lufthansa in advanced talks for state rescue deal worth about $10 billion

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© Reuters. Logo of German airlines Lufthansa is pictured next to a no-entry sign at Frankfurt Airport © Reuters. Logo of German airlines Lufthansa is pictured next to a no-entry sign at Frankfurt Airport

BERLIN (Reuters) – Airline Lufthansa (DE:) said on Thursday it is in advanced talks with the German government’s economic stabilisation fund over a rescue deal worth up to 9 billion euros ($ 9.88 billion), including the state taking a 20% stake in the company.

Lufthansa said in a statement that the deal would involve the government taking two seats on its supervisory board, but it would only exercise its voting rights as a whole in exceptional cases such as protection against a takeover.

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