Government Expects to Launch in January 5% Sale of TAP Capital Reserved for Workers
5 Articles
5 Articles
The government announced on Wednesday Lufthansa's choice for the partial privatisation of the TAP, with a proposal of 1,201 million euros for up to 49.9% of the capital, including the 5% share reserved for workers and the financial adjustments planned
After privatization, Pinto Luz says the Government hopes to be able to launch the Initial Public Offering (IPO) of the 5% of TAP's capital reserved for workers "at the beginning of January".
The government expects to be in a position to launch, at the beginning of January 2027, the Initial Public Offering (IPO) of the 5% of TAP's capital reserved for employees, as part of the airline's privatization process, Pinto Luz says in an interview.
The government expects to launch in January the Initial Public Offering (IPO) of the 5% of TAP's capital reserved for employees, as part of the airline's privatization process. The Minister of Infrastructure and Housing, Miguel Pinto Luz, confirmed that the approved decree-law foresees the signing of the sale contract by the end of the year.
The Infrastructure Minister predicts that at the beginning of January 2027 there will be conditions to launch the offer of 5% of TAP's capital reserved for workers. And he believes that European competition is now “faster and more permissive” in the analysis of operations.
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