The Portuguese Government announced the extension until the end of the year of the deadline to complete the TAP privatization process. The decision was communicated by the Minister of the Presidency, who revealed that the executive will begin final negotiations with the two candidates who submitted binding offers to purchase the airline.
The two selected candidates submitted their binding proposals as part of the privatization process. The Government decided to extend the initially established deadline to allow negotiations with both parties to proceed more thoroughly.
TAP, the Portuguese state airline, has been the subject of a restructuring and privatization process by the executive. The deadline extension comes at a time when the government intends to ensure the best possible conditions for the sale of the company.
