FWIW, Germany bought 25% of Lufthansa for 9 billion EUR in summer 2020[0] amid the Covid-19 losses, while the market capitalization was less than 4 billion. So

FWIW, Germany bought 25% of Lufthansa for 9 billion EUR in summer 2020[0] amid the Covid-19 losses, while the market capitalization was less than 4 billion. So they paid more than double the market capitalization to get a quarter of the company. [0] https://www.spiegel.de/wirtschaft/unternehmen/coronakrise-regierung-einigt-sich-auf-lufthansa-rettung-a-a017ac3b-c1af-4039-b7b9-8b74d376107b https://www.spiegel.de/wirtschaft/unternehmen/coronakrise-re...