Portugal selects Lufthansa for minority stake in TAP
Portugal has selected Lufthansa for a minority stake in TAP. The German group will pay €1.2 billion for a holding reported by Bloomberg to be up to 44.9 per cent, while employees will receive a further 5 per cent of shares. [1]
Review information is loading.
Portugal has chosen Lufthansa to acquire a minority stake in TAP, Prime Minister Luís Montenegro announced at a press conference, according to ANP/Bloomberg. Air France-KLM had also bid for a stake in the Portuguese airline. [1]
Lufthansa will pay €1.2 billion. Bloomberg reported that its holding could be up to 44.9 per cent; a further 5 per cent of TAP’s shares will go to employees. [1]
Both Lufthansa and Air France-KLM submitted improved final bids last month. TAP, based in Lisbon, was described as an attractive addition because of its links to South America. The airline was nationalised during the Covid crisis. [1]
Sign in to give this article a thumbs up or down.
About this discussion and AI questions
Private test discussion. Comments are readers’ views and are not yet automatically fact-checked. Editing is available for 60 seconds after posting.
Sign in with a confirmed reader account and choose a username to read comments and participate.
Sorting applies to top-level comments; replies remain oldest first. New comments and likes can change the order. Refresh for the current ranking.
Loading comments…