The Portuguese Government will begin final negotiations with the two candidates who submitted binding offers for the purchase of 44.9% of TAP. This information indicates that the partial privatization process of the Portuguese airline is at an advanced stage.
The two candidates in question submitted their binding offers, which means that the proposals are formal and binding, that is, they involve concrete commitments should they be accepted.
The percentage in question, 44.9%, represents a minority stake in TAP, which suggests that the State intends to retain the majority of the company's capital, thus maintaining some control over the national airline.
