Portugal Receives TAP Bid Assessment
The Portuguese government received an evaluation of binding bids from Air France-KLM and Lufthansa for a minority stake in TAP. Officials will analyze the document before making a final decision on the airline privatisation.
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Portugal has received an evaluation of rival binding bids from AIR FRANCE-KLM and DEUTSCHE LUFTHANSA-REG for a 44.9% stake in TAP. The review marks a step toward finalizing the state holding company's delayed airline privatisation. Lisbon aims to complete the transaction this year.
