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Portugal consults TAP suitors on plans for airline company

The Portuguese government is settling consultations with airlines thinking about flag carrier TAP to develop their objectives before coming up with a privatisation strategy, Prime Minister Luis Montenegro stated.

He told broadcaster SIC late on Tuesday that the government doesn't want to carry out a privatisation without understanding what the market gamers likewise have as their objectives, to ensure the privatisation plan lines up with market sentiment.

There are lots of business interested ... we are currently concluding assessments with all interested celebrations who, over time, have revealed interest in the acquisition of TAP's. capital, he said.

At least three major airline company operators - Lufthansa. , British Airways owner IAG, and Air. France-KLM - have actually said they have an interest in. state-owned TAP.

A month earlier, sources told Reuters that Lufthansa CEO Carsten. Spohr met with the federal government to formally indicate his business's. interest in the privatisation.

Among the sources said Lufthansa was eyeing a 19.9%?? stake. in TAP, listed below the 20% threshold that would require approval from. the European Commission.

We are studying the best model to be effective and value. the company as much as we can, Montenegro said, explaining. that Portuguese taxpayers paid 3.2 billion euros ($ 3.5 billion). to rescue TAP during the COVID-19 pandemic.

I always argued that preferably we could achieve an overall. privatisation, as long as we protect the paths that are. strategic for us and the Lisbon center ... (however) I'm not stating that. the design should be to go from 0% (personal stake) to 100%.

(source: Reuters)