The Lufthansa Group has formally expressed interest in participating as a bidder in the privatisation process of TAP Air Portugal after a letter was submitted to the Portuguese state holding company.
In July, Portugal's government announced the privatisation of TAP, aiming to sell a 49,9% stake. The decision opened up 44,9% of the company's capital to one or more investors and 5% to employees.
In addition to acquiring a minority stake, Lufthansa aims to establish a long-term partnership between the Lufthansa Group and TAP Air Portugal in order to secure the successful future of TAP as Portugal's national airline.
According to Euronews, the International Airlines Group (IAG) and Air France-KLM have also expressed interest.
