Bloomberg
• Henrique Almeida, Sonja Wind
Portugal’s Council of Ministers selected Lufthansa Group for a minority stake in TAP Air Portugal, citing its financially stronger proposal and ending a privatization contest with Air France-KLM. Reports put Lufthansa’s planned acquisition at 44.9%, with a bid valued at €1.2 billion; the process began more than a year ago.
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Komiaviatrans, a Russian airline, has been put up for sale at a stated price of $65.5 million. The available report does not identify a prospective buyer or provide further details on the sale process, the airline’s assets or its operations.
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Portugal’s Council of Ministers selected Lufthansa Group for a minority stake in TAP Air Portugal, citing its financially stronger proposal and ending a privatization contest with Air France-KLM. Reports put Lufthansa’s planned acquisition at 44.9%, with a bid valued at €1.2 billion; the process began more than a year ago.
Portugal’s government is expected to name the buyer of a 44.9% stake in TAP Air Portugal on Wednesday. SIC reports that Lufthansa has moved ahead of Air France-KLM, with an all-cash offer; the reported outcome would give the German group a significant ownership position in Portugal’s flag carrier.
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CSG has acquired a 9.5% stake in MDA Space, marking an expansion of its position in the space industry. The available report does not specify the transaction’s value, timing or strategic terms, leaving the scale of CSG’s intended involvement beyond its equity holding unclear.
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Czechoslovak Group has acquired a 9.5% equity position in Canadian satellite maker MDA Space, making the Czech defense and industrial conglomerate its largest shareholder at the time of the announcement. CSG says the investment marks its entry into space and adds to its defense and aerospace businesses.
A Kenyan court has rejected Fly Angola’s bid to unwind its deal with Avmax. The available report provides no further details on the court’s reasoning, the transaction’s terms or the operational and financial consequences for either party.
Jin Air has secured approval in Vietnam for a merger involving a South Korean low-cost carrier. The clearance is a regulatory milestone for the transaction, though the available report does not specify the merger’s other parties, terms or remaining approvals.
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