Deutsche Lufthansa AG and IAG to submit bids for TAP Air Portugal privatisation
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Background ✨
Portugal's President approved TAP Air Portugal's privatisation in Aug-2025, with up to a 44.9% stake available and a sale price set at EUR700 million. Air France-KLM, Lufthansa, and International Airlines Group have all expressed interest, with the process expected to conclude by early summer 2026 and significant value placed on TAP's Brazil network. Air France-KLM planned to formalise its interest by the end of Nov-20251 2 3.