UPDATE 1 — Lufthansa in talks for full TAP takeover as Lisbon seeks opposition support

Portugal picked Lufthansa over Air France-KLM in first phase of TAP privatisation Lufthansa to become TAP's strategic partner Lufthansa proposes €1.35 billion in cash and shares for rest of TAP Opposition cautious on full TAP privatisation plans (Updates with Lufthansa comments in paragraphs 3 and 4) By Sergio Goncalves and Klaus Lauer LISBON/BERLIN, Oct 15 (Reuters) — Lufthansa is in talks to take full control of Portugal's flag carrier TAP, as the Portuguese government seeks opposition support for the sale of the state's remaining 50.1% stake for €1.351 billion ($1.52 billion). The government on Wednesday picked Lufthansa's €1.2 billion bid for up to 49.9% of TAP, and its offer for the remaining shares, in exchange for €863 million in cash and a 5% stake in the Lufthansa Group, would complete TAP's privatisation. Lufthansa CEO Carsten Spohr told reporters on Thursday that TAP was "an opportunity we couldn't miss", describing it as one of the very few remaining European network carriers at scale to be consolidated and "the perfect fit in terms of geographies and markets". The airline's finance chief Till Streichert said Lufthansa submitted a non-binding proposal, which was subject