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Lufthansa Selected as Portugal’s Preferred Partner for TAP Stake
Portugal chose Lufthansa as its preferred partner to acquire 44.9% of state-owned airline TAP, though the selection is not a completed purchase.
Key takeaways
- Portugal selected Lufthansa as its preferred partner for a 44.9% stake in TAP.
- Lufthansa shares traded at €7.09, down 1.5% from the previous close at 12:12 UTC.
Portugal has selected Lufthansa as its preferred partner to acquire a 44.9% stake in state-owned airline TAP, Prime Minister Luís Montenegro said.
The selection names Lufthansa as the government’s preferred partner; it does not mean the stake purchase has been completed.
At 12:12 UTC, Lufthansa shares traded at €7.09, down 1.5% from the previous close.
Topics
LHATAP Air Portugal
Further reading
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
