“Besides the initial acquisition of a minority stake, the goal of the process is to establish a long-term partnership between the Lufthansa Group and TAP Air Portugal, in order to ensure the successful future of TAP as Portugal’s national airline,” stated the aviation group in a press release.
The government plans to sell up to 44.9% of the airline’s capital, reserving 5% for employees, as stipulated by the Privatization Law. If this tranche is not fully subscribed, the future buyer will have a right of preference.
[News updating]
