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
UPDATE 1 — Portugal picks Lufthansa to buy 44.9% of TAP, sources say
(Adds context throughout) LISBON, Oct 14 (Reuters) — Portugal's government chose Lufthansa on Wednesday to acquire a 44.9% stake in TAP Air Portugal, making the German airline the strategic partner of one of Europe's last independent flag carriers, two people familiar with the matter told Reuters. No other details were