TAP. New buyer expected to be chosen by the summer
Pinto Luz says the Government had a different understanding of the deal, since it “ideologically believes” in a total divestment; even so, he sees a 49.9% privatisation as increasing the company's value.
Pinto Luz brings forward the choice of TAP's new buyer to be made by the summer
The deadline for submitting non-binding proposals to acquire a minority stake in the airline expires on 2 April.
Minister expects to choose TAP's new buyer by summer
The Infrastructure minister said the Government had a different understanding of the deal, since it 'ideologically believes' in a 100% privatisation.
'We believe that by the summer we will have concluded the process': Pinto Luz anticipates choice of TAP's new buyer
The IAG group, Air France-KLM and the German airline Lufthansa are the companies interested in buying TAP.
TAP: Infrastructure Minister anticipates choice of new buyer by the summer
Infrastructure Minister Miguel Pinto Luz said in Lisbon today that the selection of a new buyer for a 49.9% stake in TAP is expected to be completed by the summer.
TAP: Government completes first part of privatisation process
The second phase of the process will be coordinated in January by Parpública, which will be responsible for assessing proposals from companies interested in buying up to 44.9% of the Portuguese airline's share capital.
Government completes pre-qualification for sale of TAP and invites interested parties to next phase
The Government has completed the pre-qualification stage of TAP's privatisation and has instructed Parpública to send, from 2 January, invitations to submit non-binding proposals.
TAP land excluded from privatisation; proceeds from sale of handling company and Cateringpor to revert to the State
The Council of Ministers decided that the so‑called TAP enclave will be excluded from the scope of the privatisation, as will Cateringpor and the handling company SPdH. Miguel Pinto Luz believes that competition among the three giants will drive up the price paid for the airline.
