euronews.com

Portugal Opens Talks With Air France-KLM and Lufthansa for TAP Bid

Air France-KLM logoAir France-KLM
Sig2.98Sen+1.58Env0.00Soc+0.98Gov+1.18
Lufthansa logoLufthansa
Sig2.65Sen+1.25Env0.00Soc+0.40Gov+0.60

Portugal will open talks with Air France-KLM and Lufthansa after Parpública delivered its review of the two binding offers for TAP Air Portugal. Air France-KLM and Lufthansa submitted bids to buy 44.5% of TAP, following the withdrawal of IAG. The partial sale allows up to 49.9% to private investors, with 5% reserved for employees, while the state stays the majority shareholder. Joint management could start in 2026.

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