Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2023 04 19T183639Z 1 LYNXMPEJ3I0SI RTROPTP 4 TAP M A PRIVATISATION LUFTHANSA - Business Express

Portugal PM welcomes Lufthansa’s interest in TAP, Scholz sees good fit


Portugal PM welcomes Lufthansa’s interest in TAP, Scholz sees good fit

LISBON (Reuters) – Portuguese Prime Minister Antonio Costa welcomed the interest expressed by Lufthansa in the upcoming privatisation of flag carrier TAP, but promised a level playing field and a transparent process for all contenders.

Speaking to reporters alongside visiting German Chancellor Olaf Scholz, Costa said the government will “shortly start TAP’s privatisation and several companies have expressed interest, one of them Lufthansa”.

Added Scholz: “My impression is that something does fit well together here, but let us see how it turns out.”

Reuters reported on Thursday that Lufthansa, Air France-KLM and British Airways owner IAG were laying the groundwork for potential bids for TAP, sounding out local communications agencies and legal advisers.

Lufthansa’s original interest in TAP dates back to before the COVID-19 pandemic, and Scholz said “there are reasons why Lufthansa had previously been interested”.

The Portuguese state owns 100% of TAP, which is currently restructuring under a Brussels-approved 3.2 billion euro ($3.5 billion) rescue plan, and the government is considering an outright or partial sale of the airline.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

“We have to ensure a transparent process where everyone starts from the same equal position, but Lufthansa is very welcome, it is a great airline and has a complementary strategy,” Costa said.

“Then the negotiation process will allow us to select who arrives first at the finish line,” he added.

 

(Reporting by Sergio Goncalves, Andreas Rinke and Catarina Demony; editing by Andrei Khalip and Sandra Maler)

 

Recent Post: