Condor says federal and Hesse governments will exit final 49% stake by summer 2027
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What happened
Condor announced that the federal government and the state of Hesse will exit their remaining 49% stake, and that majority owner Attestor is to buy that stake by summer 2027.
Why it matters
The announcement establishes an exit path for public shareholders in a large German airline and sets a concrete ownership transition for a company that had been kept afloat with state backing. It also changes the reference point for future debates over rescue aid, competition and state participation in transport companies.
Condor said on Friday that the federal government and the state of Hesse will sell their remaining 49% stake, with majority owner Attestor set to acquire the shares by summer 2027. The announcement sets a timetable for ending public ownership that was put in place during pandemic-era support for the airline. The move closes a state-rescue chapter for Germany’s second-largest airline and shifts attention to ownership, competition and state-exit precedent in the aviation sector.
Watch for
Condor publication of transaction terms or governance details for the Attestor buyout within the next 72 hours Federal Ministry for Economic Affairs or Federal Ministry of Finance acknowledgement of the disposal structure within the next 72 hours State Chancellery of Hesse or Hessian Finance Ministry release on approval steps, valuation method, or closing timetable within the next 72 hours Bundeskartellamt statement on whether the planned transfer triggers merger-control review within the next 72 hours
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