Lufthansa and Portugal sign TAP-acquisition deal

Lufthansa Group has finalized an agreement with the Portuguese government to acquire a minority stake in state-owned TAP Air Portugal. The German firm will initially secure 44.9% ownership of the Portuguese carrier, marking a significant step toward finalizing the acquisition. This transaction represents one of the final hurdles for this major airline deal. Potential negotiations could increase Lufthansa’s holding to as much as 49.9%, solidifying their position within the European aviation landscape. The signatures signify a pivotal moment for both airlines and the broader Portuguese economy.