Portugal seeks better offers for TAP stake

The Portuguese government has confirmed that it is requesting improved offers from the airlines Air France-KLM and Lufthansa to purchase a minority stake in the national airline "TAP," after both companies submitted closely matched bids that do not allow for choosing one over the other. It indicated that the final round of negotiations will require the competitors to enhance their offers in the coming weeks. These measures are part of the government's plan to privatize TAP, which aims to attract a strategic investor to support the company's expansion and strengthen its competitiveness. The plan involves offering up to a 49.9% stake in the airline, with a focus on developing its route network, fleet, and maintenance centers within Portugal. TAP is regarded as an important link connecting Portugal to Portuguese-speaking markets in Latin America and Africa, as well as supporting its role as an international aviation hub.

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