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The Lufthansa Group is planning to acquire a 19.9% stake in TAP Air Portugal, a fellow Star Alliance member. This strategic move is part of TAP's privatization efforts. By keeping the stake below 20%, Lufthansa aims to avoid the need for European Commission approval. Lufthansa CEO Carsten Spohr is scheduled to meet with Portuguese government officials to discuss the potential investment in the state-owned airline.
Lufthansa will seek an initial 19.9% stake in Portugal’s TAP as part of the state-owned airline’s privatization, Italian newspaper Corriere della Sera reports https://t.co/j1mwgU3d70
Lufthansa will seek an initial 19.9% stake in Portugal’s TAP as part of the state-owned airline’s privatization, Italian newspaper Corriere della Sera reports https://t.co/U1WLJIe0fy
TAT Technologies announces plan for private placement to Israeli investors, solidifying its position as a leader in aerospace services. $NWSA
