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Privatisation of TAP Air Portugal: the Sale Will Be Judged on the Project, Not only on the Price
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The Portuguese government does not want to sell off TAP Air Portugal cheaply as part of its privatization, even in the face of a high offer. For the sale of a minority stake in the state-owned airline, price will not be the only criterion. This is a "strategic" decision, not just a financial one. Lisbon plans to sell up to 49.9% of TAP's capital, with 5% reserved primarily for employees, while retaining control of the company. Two candidates are…
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