Towards a reprivatization of TAP - Companies

Towards a reprivatization of TAP – Companies

It is a question of selling at least 50% of the capital.

In 2020 and in exchange for a restructuring plan imposed by the European Union, TAP Air Portugal had been completely renationalised as a matter of urgency. Today, the Portuguese government hears the reprivatize without dragging for the transaction to close early next year. It is a question of selling at least 50% of the capital. Ironically, we find in this file the same actors as in that of ITA Airways. Indeed, discussions were initiated a few weeks ago with the group Air France-KLM on one side and Lufthansa on the other. The IAG group, via Iberia, would also have come to the news. TAP, like other European companies, is still in the red but has reduced its losses in the 1st half to 80 million euros.

In 2020 and in exchange for a restructuring plan imposed by the European Union, TAP Air Portugal had been completely renationalised as a matter of urgency. Today, the Portuguese government intends to reprivatize it without delay so that the operation is concluded at the beginning of next year. It is a question of selling at least 50% of the capital. Ironically, we find in this file the same actors as in that of ITA Airways. Indeed, discussions were initiated a few weeks ago with the Air France-KLM group on one side and Lufthansa on the other. The IAG group, via Iberia, would also have come to the news. TAP, like other European companies, is still in the red but has reduced its losses in the 1st half to 80 million euros.

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