Air France-KLM to submit its proposal to buy 45% of Portugal's TAP

Air France-KLM to submit its proposal to buy 45% of Portugal's TAP

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Air France-KLM to submit its proposal to buy 45% of Portugal's TAP
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Air France-KLM plans to propose acquiring a 44.9% stake in TAP Air Portugal, as confirmed by CEO Ben Smith during a quarterly results presentation. The Portuguese government aims to privatize part of TAP, retaining 50.1% ownership. TAP has a history of alternating between privatization and nationalization, with previous attempts failing. The government has taken steps towards privatization, including restructuring and approving a decree-law to relaunch the process.

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