Lufthansa to buy stake in TAP Air Portugal as Lisbon pushes privatization; reported terms differ
Photo: APHow coverage differs Reuters stresses the government seeking opposition support for a 50.1% stake sale at €1.351 billion; AP reports an announced 44.9% stake valued at €1.2 billion.
Lufthansa is set to acquire a stake in Portuguese flag carrier TAP in the latest privatization attempt. Reuters says the government is seeking opposition backing to sell its remaining 50.1% for €1.351 billion. AP reports officials announced Wednesday a 44.9% stake in a deal valued at €1.2 billion, with Lufthansa outbidding a rival.
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