Portugal Govt receives valuation reports on TAP Air Portugal
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Background ✨
Portugal's Government considered selling at least 49% of TAP Air Portugal, with the privatisation process scheduled to start in Mar-2025 and potentially concluding by 1H20261. The government aimed to safeguard TAP's growth, Lisbon's hub status, investment, jobs, and airport expansion, while maximising financial returns, reserving up to 5% for employees2. Ernst & Young and Banco Finantia were appointed to conduct the carrier's valuations3 4.