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Lufthansa Acquires 44.9% Stake in TAP; Portugal to Earn Billions
RzeczpospolitaSRC LO·DE · PT · ME·1 day ago
Lufthansa CFO confirms separate negotiations to acquire the Portuguese government's remaining 50.1% stake in TAP, following the selection of Lufthansa to buy up to 49.9% for €1.2bn. The Portuguese government could take up to a 5% stake in Lufthansa as part of the deal. This signals a deepening consolidation in European aviation, with potential implications for competition and market structure.