Factbox: German companies seek state aid

Leoni AG

23/03/2020 15:02

FRANKFURT, March 23 (Reuters) - Germany plans to spend 750
billion euros ($810.6 billion) to mitigate the damage of the
coronavirus outbreak on Europe's largest economy, the government
said on Monday.  urn:newsml:reuters.com:*:nL8N2BG4TU
    The following German companies have already said that they
will or may seek state aid. 
    
    LUFTHANSA  LHAG.DE : The airline, which has slashed flights,
cut working hours and suspended its dividend, said on March 19
that it was in discussions with German state development bank
KfW but believed state aid was not yet necessary.  urn:newsml:reuters.com:*:nL8N2BC100
    
    TUI  TUIGn.DE   TUIT.L : The holiday operator said on March
16 that it would suspend most of its operations, scrap its
outlook and apply for state aid in response to the pandemic.
 urn:newsml:reuters.com:*:nL8N2B91Y7

    LEONI  LEOGn.DE : The car parts maker, which was struggling
even before the coronavirus crisis, said on March 23 it would
apply for state aid as a way to counter the fallout from the
pandemic, as it is closing plants and reducing working hours of
its staff.  urn:newsml:reuters.com:*:nL8N2BG36X

    VAPIANO  VAO.DE : The restaurant chain said on March 20 it
was insolvent and would apply for government assistance to avoid
formally filing for insolvency, blaming the coronavirus crisis
for a drop in sales.  urn:newsml:reuters.com:*:nL8N2BD3L2
    
    NANOGATE  N7GG.DE : The supplier of plastic components and
surfaces for the car industry said on March 23 that it was
applying for state aid as it expected the coronavirus outbreak
to have significant negative effects on earnings and liquidity
in 2020.  urn:newsml:reuters.com:*:nFWN2BC1KU
    
    CONDOR: The airline, which is being sold to Poland's LOT,
said on March 16 that it was considering applying for government
subsidies.  urn:newsml:reuters.com:*:nS8N2AX01E            
    ($1 = 0.9252 euros)
    

 (Reporting by Arno Schuetze; Editing by Pravin Char)
 ((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters
Messaging: arno.schuetze.reuters.com@reuters.net))