Lufthansa CEO to meet Portuguese ministers over taking stake in TAP, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 02 2024
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Source: Yahoo Finance
Lufthansa's Interest in TAP: Lufthansa CEO Carsten Spohr is set to meet with Portugal's government to express interest in acquiring a 19.9% stake in the state-owned airline TAP, as part of Portugal's push for privatization by the end of the year.
Market Competition and Challenges: Other major airlines like British Airways owner IAG and Air France-KLM are also interested in TAP, while the European Commission remains cautious about potential consolidation in the airline industry due to concerns over market dominance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
