Lufthansa Acquires 44.9% Stake In TAP For €1.2B (Expected To Close In Early 2028)
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The Portuguese government has been seeking a new “home” for the troubled national carrier TAP, which was renationalized during the Pandemic.
All the three European airline groups were initially part of the process, and Air France-KLM and Lufthansa Group were the two chosen for the last round, and the government has accepted Lufthansa bid of €1.2B for 44.9% stake in the airline.
The Prime Minister of Portugal disclosed during a press conference that Lufthansa’s bid was 16% higher than Air France
All the three European airline groups were initially part of the process, and Air France-KLM and Lufthansa Group were the two chosen for the last round, and the government has accepted Lufthansa bid of €1.2B for 44.9% stake in the airline.
The Prime Minister of Portugal disclosed during a press conference that Lufthansa’s bid was 16% higher than Air France
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