Four Bidders Get Access to PIACL Virtual Data

Four bidders get access to PIACL virtual data

The bidders include Lucky Cement, Hub Power Holdings, Kohat Cement and Metro Ventures Ltd.

Portugal to privatise up to 49.9% of TAP Air Portugal by 2026

Portugal has officially relaunched the privatisation of its national airline, TAP Air Portugal, and aims to sell a 49.9% stake by mid-2026, pending regulatory approval – 5% will be reserved for employees who wish to invest. The sale is expected to conclude within about 12 months and will follow four main phases: pre-qualification, proposal submission, binding offers, and final negotiations. Initially founded in 1945, TAP underwent its first priv…

Portugal revives TAP privatisation talks

Portugal's government has relaunched the privatisation of flag carrier TAP, aiming to sell a 49,9% stake in the first phase. The decision opens up 44,9% of the company's capital to one or more investors and 5% to the employees. The 44,9% stake will be sold directly to the buyer who best meets the required conditions. According to Prime Minister Luis Montenegro, the