Lufthansa set to win bidding for stake in Portugal's TAP, SIC reports
Lufthansa set to win bidding for stake in Portugal's TAP, SIC reports
Tue, October 13, 2026 at 7:56 PM UTC
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LISBON, Oct 13 (Reuters) - Germany's Lufthansa is set to win the bidding for the purchase of a 44.9% stake in Portugal's flag carrier TAP over rival Air France-KLM, broadcaster SIC said on Tuesday,
LISBON, Oct 13 (Reuters) - Germany's Lufthansa is set to win the bidding for the purchase of a 44.9% stake in Portugal's flag carrier TAP over rival Air France-KLM, broadcaster SIC said on Tuesday, citing sources familiar with the matter.
• The German group is offering an all-cash deal for its stake in TAP, unlike Air France-KLM, whose proposal combines cash and shares in the Franco-Dutch airline, SIC reported.
• Lufthansa's stronger financial position was also a key factor, it added.
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• Portugal's Infrastructure Ministry declined to comment.
• Air France-KLM and Lufthansa submitted final bids for the stake in September after Portugal's government requested both bidders improve their offers.
• The government is due to choose the winner at an extraordinary cabinet meeting on Wednesday.
(Reporting by Sergio Goncalves; Editing by Victoria Waldersee and Edmund Klamann)
Source: “AOL Money”
