The Portuguese Government will begin final negotiations with the two candidates who submitted binding offers for the acquisition of 44.9% of TAP. The two candidates are Air France-KLM and Lufthansa.
This decision was announced by the Minister of the Presidency, Leitão Amaro, representing a significant step in the process of partial privatization of the Portuguese airline.
The amount of 44.9% in question indicates that the Portuguese State intends to maintain the majority of TAP's capital, thus preserving control of the company.
The final negotiations mark the concluding phase of a process involving two major European airline groups interested in participating in the capital of Portugal's flag carrier.
