© Reuters. FILE PHOTO: Lufthansa logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration

BERLIN (Reuters) – German logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa to 15% from 10%, Lufthansa said late on Wednesday, making him the biggest shareholder in the German flag carrier.

Kuehne had boosted his stake in Lufthansa to 10% in April.

The German billionaire is also the controlling shareholder of Swiss logistics firm Kuehne & Nagel and has a 30% stake in container shipping company Hapag-Lloyd AG.

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