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Lufthansa submits offer for TAP stake in Portugal privatization push

Published by Global Banking & Finance Review

Posted on April 2, 2026

1 min read

· Last updated: April 3, 2026

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Lufthansa submits offer for TAP stake in Portugal privatization push
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BERLIN, April 2 (Reuters) - Germany's Lufthansa said on Thursday it had submitted a non‑binding offer to Portugal’s state holding company Parpublica for a minority stake in flag carrier TAP. Portugal

Lufthansa Places Offer for Minority Stake in Portugal’s TAP Privatization

Lufthansa's Bid and the TAP Privatization Process

Details of Lufthansa's Offer

BERLIN, April 2 (Reuters) - Germany's Lufthansa said on Thursday it had submitted a non‑binding offer to Portugal’s state holding company Parpublica for a minority stake in flag carrier TAP.

Background on TAP Privatization

Portugal relaunched the long-delayed privatisation of TAP in July, aiming to sell a 44.9% stake to a strategic airline partner able to expand the carrier's global reach and competitiveness, with a further 5% earmarked for TAP employees.

Strategic Goals of the Privatization

Expanding Global Reach and Competitiveness

Reporting and Editorial Credits

(Reporting by Klaus Lauer, writing by Sergio Goncalves, editing by Kirsti Knolle)

Key Takeaways

  • Lufthansa joins Air France‑KLM and IAG as formal bidders for TAP’s 44.9% stake, with proposals due by April 2, 2026 (aman-alliance.org).
  • The bid underscores TAP’s strategic value as a hub connecting Europe—in particular Portugal—to Brazil, Africa, and North America, enhancing its global reach (uk.finance.yahoo.com).
  • Previous interest dates back to late November 2025, when Lufthansa, Air France‑KLM, and IAG formally submitted expressions of interest; Lufthansa emphasises a long‑term partnership and integration benefits (visaverge.com)

References

Frequently Asked Questions

What stake is Lufthansa bidding for in TAP?
Lufthansa has submitted a non-binding offer for a minority stake in TAP as part of Portugal's privatization process.
Why is Portugal privatizing TAP?
Portugal aims to sell a 44.9% stake in TAP to a strategic airline partner to expand the carrier’s global reach and competitiveness.
Who will receive a portion of TAP shares apart from the strategic partner?
A further 5% of TAP shares are earmarked for TAP employees as part of the privatization plan.
What is Lufthansa’s offer type for the TAP stake?
Lufthansa submitted a non-binding offer to Portugal’s state holding company Parpublica.

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