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Portugal's government selected Lufthansa Group's offer for a minority stake in TAP Air Portugal under its privatization process. The offer values a 44.9% stake at EUR 1.025 billion. * The price could reach EUR 1.2 billion for 49.9%, reflecting shares initially offered to employees and a ticking fee. Transaction agreeme
Portugal’s government selected Lufthansa Group’s offer to acquire an initial minority stake in TAP Air Portugal. The bid values a 44.9% stake at EUR 1.03 billion; payment could reach EUR 1.2 billion for 49.9%. The higher amount reflects up to 5% initially offered to employees and a ticking fee. Portugal also initiated