The Federal Government Of Germany And The Free State Of Bavaria Have Commissioned The State Development Bank Kfw In Frankfurt To Conduct Due Diligence On Lilium As Part Of The Customary State Support Process
Portfolio Pulse from Benzinga Newsdesk
The Federal Government of Germany and the Free State of Bavaria have tasked the State Development Bank Kfw in Frankfurt to conduct due diligence on Lilium as part of the customary state support process.
May 15, 2024 | 11:56 am
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The Federal Government of Germany and the Free State of Bavaria have commissioned Kfw to conduct due diligence on Lilium, indicating potential state support.
The commissioning of due diligence by the Federal Government and the Free State of Bavaria suggests that Lilium may receive state support, which is likely to positively impact its stock price in the short term.
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