Lufthansa has submitted a non-binding proposal to Parpública for the acquisition of a minority stake in TAP. The German group confirmed to DN that the document was submitted on Thursday, the deadline set by the Portuguese government for the three potential bidders. Lufthansa has previously described TAP as a 'perfect fit' due to its strategic transatlantic routes, though CEO Carsten Spohr has cautioned that the deal must generate returns for stakeholders. Air France-KLM also submitted a proposal this morning, while IAG, the owner of Iberia, has yet to confirm its participation. The government's plan involves selling a 49.9% stake in the airline.
TAP privatisation: Lufthansa submits proposal, bringing the number of candidates in the race to two
Thursday, 2 April 2026RSS
Context & Explainers
Parpública is a state-owned holding company (Parpública - Participações Públicas, SGPS, S.A.) that manages the Portuguese government's equity interests in various companies. It acts as the state's vehicle for handling privatization processes, such as the ongoing sale of a stake in the national airline, TAP Air Portugal.
AI Summary AvailableLufthansa and Air France-KLM remain in race for TAPRead the synthesized summary with context and explainers
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