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Lufthansa to Acquire 44.9 Percent Stake in TAP Air Portugal for 1.2 Billion Euros
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News18•14-10-2026, 18:45
Lufthansa to Acquire 44.9 Percent Stake in TAP Air Portugal for 1.2 Billion Euros
- •Lufthansa is purchasing a 44.9 per cent stake in TAP Air Portugal in a deal valued at 1.2 billion euros by the Portuguese government.
- •The German carrier successfully outbid Air France-KLM to secure the stake, as announced by Portuguese Prime Minister Luis Montenegro.
- •The Portuguese government plans to reserve 5 per cent of the company shares for its employees while retaining its status as the main shareholder.
- •The transaction remains subject to approval by European Union regulators, with full privatisation potentially concluding by 2028.
- •TAP Air Portugal operates a fleet of over 90 aircraft, serving more than 90 destinations and carrying 16.7 million passengers last year.
Key Questions Answered
Lufthansa is purchasing a 44.9 percent stake in TAP Air Portugal for 1.2 billion euros, which is valued at approximately USD 1.3 billion.
Air France-KLM was the only other company competing in the race to acquire the stake before Lufthansa won the bid.
Portuguese Prime Minister Luis Montenegro stated that the government may conclude TAP's complete privatization by 2028.
