Portugal Seeks Opposition Backing for Sale of Remaining TAP Stake
Finance Minister Joaquim Miranda Sarmento said the government is seeking opposition support to sell its remaining 50.1% stake in TAP to Lufthansa for €1.351 billion ($1.52 billion).
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09:06:41 AM UTC
SquawkNews
Separate talks are being held about Lufthansa XETR:LHA potentially taking the remaining 50.1% majority stake in Portugal's flag carrier TAP from the government in the future, Lufthansa's finance chief said on Thursday.In this process, the Portuguese government could become a Lufthansa shareholder w…
Finance Minister Joaquim Miranda Sarmento said the Portuguese government is seeking opposition backing to sell its remaining 50.1% stake in flag carrier TAP to Lufthansa XETR:LHA for €1.351 billion ($1.52 billion). On Wednesday, the government selected Lufthansa’s €1.2 billion bid for up to 49