Lufthansa and Air France-KLM submit binding bids for TAP Air Portugal 44.9% minority stake in Portugal’s privatization
Portugal’s state investment company Parpública is selling a 44.9% minority stake in TAP Air Portugal as part of a reprivatization process. Lufthansa Group and Air France-KLM have both entered the race with formal, binding offers, positioning TAP to strengthen Lisbon’s hub and Europe–Latin America and trans-Atlantic routes.