US EditionIAG Considering Abandoning Bid to Acquire Portuguese Airline TAP, but Could Also Submit Non-Binding Offer Before April 2 Deadline
5 Articles
5 Articles
The owner of British Airways and Iberia has until 2 April to submit an offer. The sale of only a minority participation can work on the business.
TAP is in the process of partial privatisation and the three large European groups are behind it. We’re talking about IAG (Iberia, British, Level, Vueling, Aer Lingus), Lufhansa (which adds Swiss, ITA and several others) and Air France-KLM (which have Transavia and SAS as well). IAG continues to quenchi because it couldn’t get into Air Europe,... The TAP entry is the new fight between European wallets was first published in Sir Chandler.
IAG considering abandoning bid to acquire Portuguese airline TAP, but could also submit non-binding offer before April 2 deadline
The Corner Alphavalue / Divacons | The Spanish-British airline could abandon its attempt to acquire the Portuguese airline TAP, according to Bloomberg. IAG announced in November that it was interested in acquiring a minority stake in the airline, joining its competitors Air France-KLM and Lufthansa, who had also expressed interest in the privatisation of TAP. A final decision has not yet been made, so IAG could also submit a non-binding bid befo…
IAG is expected to withdraw from the bidding process by a share of Tap Air Portugal. As remaining interested parties, only Air France-KLM and Lufthansa would be in the bidding process.
IAG could divest itself of the bid to enter TAP, a process in which it competes with Air France-KLM and Lufthansa. According to Bloomberg, the Iberia and Vueling matrix would be weighing not to submit a firm offer by the Portuguese airline (The Iberia and Vueling matrix aspires to total control of TAP). The reason that IAG away from the privatization of TAP is the decision of the Portuguese government to maintain control in the company, with a 5…
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