Lufthansa to Seek 19.9% Stake in Portugal's TAP, Corriere Says.

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    • Subject Terms:
      DEUTSCHE Lufthansa (1953- )
    • Abstract:
      Deutsche Lufthansa AG is reportedly seeking a 19.9% stake in Portugal's TAP SA as part of the airline's privatization. The offer, which would keep Lufthansa below the threshold for a change of control, is expected to be worth €180 million to €200 million and may materialize in the first quarter of 2025. Portugal's government has confirmed its plans to privatize TAP, and other airlines such as Air France-KLM and IAG SA have also expressed interest. TAP's appeal lies in its connections to Brazil, where it is the largest European provider. [Extracted from the article]
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