US EditionWho Will Buy Portuguese Airline Tap? There Are Three Interested Parties.
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IAG group can have air with the highest price, to avoid any difficulties from transfer from the Lisbon TAP hub to Madrid in order to benefit from Spain.
Lufthansa Group and International Airlines Group (IAG) have officially announced their intention to participate in the privatization of TAP Air Portugal. Air France-KLM is also bidding for the tender, heralding one of the most important rivalries in European aviation.
Air France-KLM formally announced its proposal to acquire 44.9% of the capital of TAP Air Portugal, advancing in the race for the partial privatization of the Portuguese airline and positioning itself ahead of other stakeholders such as IAG and Lufthansa, although that of this one has not been delayed to arrive. The confirmation was made by the [...]
Market Consensus Renta 4 The Portuguese government announced that it will carry out the privatization of TAP in the coming months. The objective is to sell 44.9% to a large European aviation group and an additional 5% to employees. The state will maintain the remaining 50.5%. Last week Air France-KLM and Lufhansa presented offers and IAG has presented a “statement of interest”. IAG wants several conditions to be resolved before proposing an inv…
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