Economy
PM argues TAP valuation is due to restructuring and 'competent management' over the last two years
The government has selected Lufthansa for the partial privatization of TAP, with a proposal of 1.201 billion euros for up to 49.9% of the company's capital. The operation is expected to be concluded by the beginning of 2028, reflecting a total valuation of 2.552 billion euros.
Why it matters
This is a significant step in the long-discussed privatization of the state airline, signaling a shift in ownership structure that may affect future operations and services, though the deal is not expected to be finalized until 2028.Correio da ManhãRead original ↗
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