Lufthansa Frontrunner for TAP Air Portugal Stake (aviacionline.com)
Lufthansa is set to win the bidding for a 44.9% stake in TAP Air Portugal, edging out Air France-KLM, with a formal decision expected Wednesday, October 14, at an extraordinary Council of Ministers meeting. Lufthansa's all-cash offer, valued above €1 billion, implies a total TAP valuation of €2–2.2 billion, while the Portuguese State retains 50.1% and reserves 5% for employees. Closing depends on a final negotiation round and European Commission competition approval, a process that can take 18 to 24 months and affect public accounts around 2028.
▲1 vote
1 comment
Related
- Lufthansa wins bid for 44.9% TAP stake (finance.yahoo.com)
- Lufthansa Wins TAP Air Portugal Minority Stake (aerotime.aero)
- Lufthansa wins TAP Air Portugal stake contest (finance.yahoo.com)
- Lufthansa pursues full ownership of TAP Air Portugal (paxnews.com)
- Lufthansa Wins Bid for 44.9% TAP Stake (aeroxplorer.com)
- Lufthansa Signs Billion-Dollar TAP Deal (simpleflying.com)
Comments
Sign in to comment. Reading never requires an account.
Portugal confirmed Lufthansa as the buyer Wednesday: €1.201 billion for 44.9%, with Lufthansa taking executive and operational management while the state keeps 50.1%. That locks Lisbon into Star Alliance’s South Atlantic play against IAG on Brazil, and leaves Air France-KLM without the hub it wanted opposite Delta. Closing still hinges on Brussels over the next 18–24 months. https://www.euronews.com/2026/10/14/lufthansa-beats-air-france-klm-to-12bn-stake-in-tap-air-portugal