Deutsche Lufthansa AG shelved a planned sale of a minority stake in its maintenance and repair subsidiary, the world's biggest business of its kind that had attracted interest from several private-equity bidders. The German carrier said that instead of selling a part of Lufthansa Technik, the company will implement its growth plans 'independently,' according to a stock-exchange filing. The company said it's seeing opportunities particularly from the increasing number of engines that are coming in for maintenance. 'In view of the ongoing manufacturer problems ' especially with engines ' the strategic value of our Lufthansa Technik as an integral part of the Lufthansa Group has again increased significantly in recent months,' Lufthansa Technik said in a separate release. Lufthansa had considered selling as much as 20% of Technik, valuing the entire subsidiary at about $8.7bn, people familiar with the talks said. The plan to retain the asset is a surprise reversal for Europe's largest...
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