Lufthansa shares down as investor battles bailout terms

FRANKFURT (Reuters) - Lufthansa shares slumped 5.7% on Monday morning after CEO Carsten Spohr said the company would seek to avoid a grounding and insolvency in a battle with the airline's biggest shareholder over the terms of a 9-billion-euro bailout.Lufthansa has been hard hit by what is expected to be a protracted travel slump because of the COVID-19 pandemic, forcing it to seek a state rescue.Billionaire shareholder Heinz Hermann Thiele will meet the economy minister on Monday to discuss..