|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||10.10 - 10.75|
|52-week range||8.27 - 15.56|
|Beta (5Y monthly)||1.65|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||18 Oct 2021|
|1y target est||6.20|
Deutsche Lufthansa said on Monday it had wrapped up a 2.16 billion euro ($2.5 billion) capital increase and used the proceeds to repay 1.5 billion euros in state aid as it banks on a rebound in air travel. The German airline paid back the first of two tranches of hybrid capital, dubbed silent participation, it received as part of a 2020 bailout, it said. The company added it also intends to fully repay the second tranche, worth 1 billion euros, before the end of this year.
A share repurchase, or share buyback, is when a company rebuys its own shares and returns money to its investors.
LONDON/FRANKFURT (Reuters) -German airline Lufthansa received strong investor backing for a 2.14 billion euro ($2.47 billion) rights issue, providing some encouragement for travel companies looking to weather the after effects of the COVID-19 crisis. The company said on Wednesday that its rights issue was 98.36% subscribed by investors, and the remainder was quickly sold in the open market soon after. The cash will be used to repay a chunk of the 9 billion euro ($10.4 billion) government bailout it received last year to stay afloat throughout the COVID pandemic, which resulted in the Economic Stabilisation Fund (ESF) taking a 15% stake in the group.