Bloomberg
• Henrique Almeida, Sonja Wind
Lufthansa is favored over Air France-KLM to acquire a minority stake in Portugal’s state-owned TAP Air Portugal, according to media reports and people familiar with the matter. Its reported all-cash offer may have made it more attractive; Portugal’s government was expected to confirm the selection at an extraordinary meeting.
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Lufthansa is favored over Air France-KLM to acquire a minority stake in Portugal’s state-owned TAP Air Portugal, according to media reports and people familiar with the matter. Its reported all-cash offer may have made it more attractive; Portugal’s government was expected to confirm the selection at an extraordinary meeting.
Lufthansa is poised to win the competition for a 44.9% ownership interest in TAP Air Portugal, with an all-cash offer reportedly edging out Air France-KLM, according to SIC. Portugal’s government was expected to name the selected partner on Wednesday; the reports do not confirm a final decision.
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