Atlantic Connect Group offers EUR17m for 85% stake in Azores Airlines
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Background ✨
Portugal's Azores Government confirmed the privatisation process for Azores Airlines continued after all necessary conditions were met, with New Tour/MS Aviation increasing its offer to EUR15.2 million and highlighting its commitment to strengthening SATA's financial capacity. Carlos Tavares and Paulo Pereira were disclosed as holding a combined 49% stake in the acquiring company for SATA Internacional's shares1.