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Portugal receives binding-bid assessments for TAP minority stake

Portugal’s state holding company Parpublica has submitted its assessment of rival binding bids from Air France-KLM and Lufthansa for a minority stake in flag carrier TAP, a step toward a final decision.

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The Portuguese government has received state holding company Parpublica's assessment of rival binding bids from Air France-KLM EURONEXT:AF and Lufthansa XETR:LHA for a minority stake in flag carrier TAP, it said on Tuesday, a step towards a final decision.