Portugal's Govt continues plans for TAP Air Portugal's privatisation
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Background ✨
Portugal's Government approved plans to sell at least 51% of TAP Air Portugal, with up to 5% reserved for employees, aiming to ensure the airline's growth, protect the national hub, and attract large-scale strategic investors rather than purely financial buyers. The Government emphasised TAP's strategic role and its contribution to the national economy, not just its financial value1. TAP's privatisation was expected to take several months2.