Economy
Partial privatization of TAP: What does Lufthansa gain and how will the State recover its investment?
The Portuguese government has selected the Lufthansa group to acquire up to 49.9% of TAP, with a potential financial return of approximately 1.2 billion euros. The deal, which remains subject to European Commission approval, includes plans for fleet growth, maintaining TAP in the Star Alliance, and a reserved 5% stake for eligible employees with over three years of service.
Why it matters
While this is a corporate transaction, it marks a significant shift in the management of the national flag carrier; if you are a TAP employee, you may be eligible to purchase company shares under the terms of the worker-reserved capital offer.SIC NotíciasRead original ↗
