Portugal extends talks with Air France-KLM and Lufthansa on TAP sale

M&A · Partnership
โดย Yahoo Finance·PT·Read original
Summary · why it matters

Portugal's government said Friday it would pursue talks with both Air France-KLM and Lufthansa on privatising a controlling stake in national airline TAP Air Portugal, after spokesman Antonio Leitao Amaro said the offers submitted by both contenders were very close. The government intends to sell up to 49.9 percent of TAP Portugal to a strategic investor, with staff to hold five percent. Following talks that could last several weeks, the government will choose one of the two contenders and hold final negotiations. TAP, which was renationalised in 2020 to stem losses from the Covid-19 pandemic, is among the few remaining state-owned carriers in Europe, with around 7,700 employees and a fleet of around 100 Airbus planes.

Impact on stocks 3

Industrials▲ · 3 stocks
Air France-KLM SA
AF
▲ PositiveCapitalrelevance

Air France-KLM is a contender to acquire up to 49.9% of TAP, a strategic expansion opportunity.

Deutsche Lufthansa AG
LHA
▲ PositiveCapitalrelevance

Lufthansa is a contender to acquire up to 49.9% of TAP, a strategic expansion opportunity.

Off-coverage companies 1

TAP Air PortugalPrivate± Mixed
Capitalrelevance

TAP is the subject of privatization talks; outcome uncertain.

© 2026 MarketDXNews