M&AIndustrialsSIGNED
Lufthansa to Acquire 44.9% Stake in TAP Air Portugal for €1.2 Billion
Value
€1.2Bn
Acquirer
Lufthansa
Target
TAP Air Portugal
German airline Lufthansa has won the bid to acquire a 44.9% stake in Portugal's national carrier, TAP Air Portugal, for €1.2 billion. The Portuguese government selected Lufthansa's offer over that of Air France-KLM.
✦ Meridian Analysis
Lufthansa’s successful bid for a 44.9 % stake in TAP Air Portugal represents a strategic airline acquisition that is still subject to regulatory clearance. The buyer is a German carrier, the target is Portugal’s national airline, and the transaction spans the European aviation sector. The statement does not reveal the financing plan, advisory banks, expected closing timetable, or any conditions precedent to completion.
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