Portugal Picks Lufthansa for €1.2 Billion TAP Stake
Portugal's government selected Lufthansa to buy a 44.9% stake in TAP Air Portugal for €1.2 billion ($1.3 billion), making the German airline its strategic partner.
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Portugal picks Lufthansa to buy 44.9% of TAP for €1.2 billion
LISBON, Oct 14 (Reuters) — Portugal's government on Wednesday picked Lufthansa to acquire a 44.9% stake in TAP Air Portugal for €1.2 billion ($1.34 billion), making the German airline the strategic partner of one of Europe's last unaligned flag carriers, Prime Minister Luis Montenegro told a news briefing. Lufthansa, w