Lufthansa to grow to be new TAP shareholder, Portuguese authorities declares
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The Portuguese authorities introduced, after Wednesday’s Council of Ministers assembly, that German airline Lufthansa would be the new shareholder in TAP, as a part of the reprivatisation of the Portuguese service.
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At the tip of September, Air France-KLM and Lufthansa submitted their final bids to amass 44.9% of the Portuguese airline’s share capital, in response to Parpública, the state shareholdings administration firm, on the time.
The course of additionally reserves 5% of the corporate’s share capital for buy by staff**.** However, underneath the decree-law on TAP’s privatisation, printed in August and quoted here by Lusa, (source in Portuguese) the chosen non-public investor – on this case Lufthansa – may take up any shares not purchased by workers. The remaining stake will proceed to be held by the state.
According to the national business press, (source in Portuguese) TAP posted a lack of 99.2 million euros within the first half of 2026, a deterioration of 40% in contrast with the earlier 12 months.
The minister of finance, Joaquim Miranda Sarmento, stated final week that the privatisation course of would solely be accomplished inside 18 to 24 months, that’s, in 2028, after authorisation from the European Commission’s Directorate-General for Competition (DGComp).
*Story being up to date
