Portugal Says Interest in TAP Holds as Bid Deadline Nears
News Source : Financial Post
News Summary
- Lisbon plans to sell as much as 49.9% of TAP, including 5% reserved first for employees.
- British Airways parent IAG SA, Air France-KLM and Deutsche Lufthansa AG have been invited to submit non-binding offers by April 2.
- Portugal is in a “very positive position” to absorb the impact of recent floods and the Iran war, though both shocks could weigh on growth and push the budget into a small deficit this year.
(Bloomberg) Portugal is confident Europes three biggest airline groups will bid for a stake in TAP SA ahead of a deadline this week, brushing aside concerns that the Iran war is fueling oil volatilit [+5026 chars]
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