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LATAM proposes to buy 39% of Portugal's TAP, a powerful trans-Atlantic-Latin American conglomerate

Premium Analysis

The proposed LATAM combination has made overtures to acquire Portugal flag carrier TAP. The move would further entrench the ascendancy of the Latin American conglomerate. But a purchase first depends on TAP selling down handling company Groundforce. It also, again, potentially cuts across global alliance lines and runs the risk of competition law challenges.

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