Lufthansa considers additional 50% stake in TAP Air Portugal
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Background ✨
Lufthansa Group said it offered EUR1.025 billion for 44.9% of TAP, with the price potentially rising to EUR1.2 billion for 49.9% after an employee share offer of up to 5% and a ticking fee, and CEO Carsten Spohr highlighted TAP’s South Atlantic strength within Star Alliance.1 TAP chairman Carlos Oliveira said further steps remained before closing, but framed the decision as enabling growth and value creation for Portugal.2