US EditionIAG Potentially Interested in 49.9% Stake in TAP Portugal Put up for Sale by Portuguese Government
5 Articles
5 Articles
Sales of 49.9% is only the first phase. Privatization of the TAP provides for a second phase, without date. The government assumes that it wants to recover State aid within the possibility because the company does not value 6,400 million.
In the first phase, 49.9% of the capital of the airline will be privatised, through the direct sale model, and up to 5% for the workers. Partly reaction between who agrees and who complains The ‘end’ TAP content up flying appears first in Journal i.
IAG, which is part of Iberia, British Airways, Vueling, Aer Lingus and Level- was one of the companies that was interested in the purchase of the Portuguese company TAP months ago. An interest that increases after the approval of the Portuguese government to the privatization of 49.9% of the capital of the airline. Now, everything will depend on the conditions imposed by the Portuguese executive, as they recognize from the air group based in Lon…
IAG potentially interested in 49.9% stake in TAP Portugal put up for sale by Portuguese government
The Corner Bankinter | The Portuguese government is putting 49.9% of TAP Portugal up for sale. 44.9% will go to investors and 5% to employees. The details of the operation are not yet known. Analysis team’s view: This news was expected, and there was even the possibility that 100% would be put up for sale. Remember that TAP was nationalised during the pandemic (at a cost of €3.2 billion). This news is...
By separating privatization in two stages, the State is at risk of achieving the second phase. With interested buyers, I would have risked it in this way.
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