Portugal Considering Sale of Stake in Airline TAP, Bloomberg Says, Citing Unnamed Sources

Dow Jones

02-11

-- Portugal's government is considering selling a stake of at least 49% of TAP, in its latest attempt to privatize the state-owned airline, Bloomberg reports, citing unnamed sources.

-- There are about 12 firms interested in TAP, according to Bloomberg. Air France-KLM, Lufthansa and IAG have all stated their interest publicly.

-- The privatization process is due to start in March and may be concluded at the end of this year or in 2026, Bloomberg reports.

Full story: https://shorturl.at/tqWcm

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

February 11, 2025 10:05 ET (15:05 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Air France-KLM, Lufthansa and IAG have all stated their interest publicly. \n\n\n  -- The privatization process is due to start in March and may be concluded at the end of this year or in 2026, Bloomberg reports. \n\n\n \n\n\n  Full story: https://shorturl.at/tqWcm \n\n\n \n\n\n  Write to Nina Kienle at nina.kienle@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 11, 2025 10:05 ET (15:05 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1}}}