TAP Air Portugal enters agreements for sale of SPdH share capital to Menzies Aviation
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Background ✨
European Commission extended TAP’s deadline to divest its SPdH shareholding and Cateringpor to 30-Jun-2026, as conditions tied to restructuring aid approved in Dec-2021.1 2 TAP’s privatisation process advanced, with the government seeking at least EUR700 million for a 44.9% stake and expecting selection of a winning bidder before summer 2026.3 4 Air France-KLM and Lufthansa submitted non-binding offers in Apr-2026, while IAG declined to bid.5