Sale of the TAP Will only Be Completed in 2028 . . Economic Journal
7 Articles
7 Articles
Minister of Finance admits that EU competition management may take up to two years to authorise the purchase of a slice of TAP by a competing European company.
Minister of Finance explained this Thursday the financial options of the executive of Luís Montenegro for next year.
Sales of TAP Should only Be Completed in 2028 After the Brussels Green Light, Warns Miranda Sarmento
The privatisation operation of the TAP will still have to be approved by the European Competition, which may take 18 to 24 months, so it will only have an impact on the debt of 2028, Minister of Finance's announcement at the presentation of the OE/2027
This month, the government will take a decision on who won the privatisation of the TAP and who will then start a process with the European Commission.
Minister for Finance explained that this process only has an impact on debt and not on the budget balance.
The Finance Minister said the government will take a decision on the winner of the privatisation of TAP this month and what process with the European Commission may take 18 to 24 months.
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