Lufthansa in Talks to Acquire Remaining 50.1% Stake in TAP, Says CFO
6 Articles
6 Articles
Lufthansa is holding talks regarding a full takeover of the Portuguese airline TAP. It became clear on Wednesday that the German airline is acquiring a minority stake in TAP. Discussions are now also underway regarding the acquisition of the remaining shares. Air France-KLM had also made a bid for the Portuguese airline.
FRANKFURT (ANP/RTR/BLOOMBERG) - Lufthansa is in talks about taking over almost all of the remaining shares in Portuguese airline TAP in the future. On Wednesday, Portugal chose the German airline to take a minority stake in TAP. According to the financial...
Lufthansa submitted an additional proposal of EUR 1351 million for the acquisition of the remaining 50.1% of the TAP, of which EUR 863 million would be paid in cash and EUR 488 million through an exchange of shares.
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