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Deutsche Lufthansa AG (DLAKF)
- Reuters SG
Deals of the day-Mergers and acquisitions
** Brazilian pulp and paper company Suzano has approached U.S.-based International Paper to express interest in an all-cash acquisition that would be worth almost $15 billion, according to people familiar with the matter. ** Luxembourg-based investment firm L-GAM is exploring options to divest its stake in premium outerwear maker Woolrich International, two sources close to the matter told Reuters. ** A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of losses, CNBC reported.
- The Telegraph
The airline giant stepping up the race for global dominance
After a rocky few years, British Airways parent IAG is once again plotting its bid for global expansion.
- Reuters
Lufthansa shareholders air concerns over brand image, board reshuffle
Shareholders in Lufthansa aired their concerns to management at the annual general meeting on Tuesday, troubled by the impact of a wave of strikes on profit and service standards as well as a boardroom overhaul that unsettled investors. One top concern was the image of core brand Lufthansa Airlines as a premium provider, following flight cancellations forced by the industrial action as well as operational problems. The board, led by CEO Carsten Spohr, must do more to prevent "service chaos" in future, warned Hendrik Schmidt, a corporate governance specialist at Deutsche Bank subsidiary DWS, Lufthansa's third-largest shareholder with just under 1.5%.
