FRANKFURT (S&P Global Ratings) June 23, 2020--S&P Global Ratings today said that there is a risk that Deutsche Lufthansa AG (BB+/Watch Neg/B) might not approve the proposed €9 billion state aid package agreed with the Economic Stabilization Fund at its Extraordinary General Meeting. The stabilization package is to be composed of €5.7 billion silent participation and €3.0 billion state-guaranteed loan, and incorporates a 20% stake in the company's share capital by the German government at a share price of €2.56 equivalent to €300 million of cash injection. We understand that attendance at the meeting on June 25 will be below 50%. Based on the most recent public statements by the company's largest shareholder, Heinz-Hermann Thiele, about his dissatisfaction with the
