GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
Lufthansa, Air France-KLM file binding offers for Portugal's TAP, Bloomberg reports - Finance news and analysis from Global Banking & Finance Review
Finance

Lufthansa, Air France-KLM file binding offers for Portugal's TAP, Bloomberg reports

Published by Global Banking & Finance Review

Posted on July 29, 2026

1 min read

· Last updated: July 29, 2026

Add as preferred source on Google
Finance Banking Markets

Lufthansa, Air France-KLM File Binding Offers for Minority Stake in TAP

Major Airlines Submit Offers for TAP Stake

Details of the Binding Offers

July 29 (Reuters) - Lufthansa and Air France-KLM submitted binding offers for a minority stake in Portugal's TAP, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Verification of the Report

Reuters ⁠could not independently verify the report.

Reporting Credits

(Reporting by Anna Peverieri in Barcelona;)

Key Takeaways

  • Both airline groups submitted binding offers having earlier lodged non‑binding bids on April 2, 2026 (news.bloomberglaw.com)
  • Parpública recommended advancing both bids to the binding phase following initial criteria review (news.bloomberglaw.com)
  • Portugal aims to privatize up to 49.9% of TAP, with 5% reserved for employees, and the bidders seek to strengthen routes to the Americas and Africa (news.bloomberglaw.com)

References

Frequently Asked Questions

Which companies have submitted binding offers for TAP?
Lufthansa and Air France-KLM have submitted binding offers for a minority stake in Portugal's TAP.
What stake in TAP are Lufthansa and Air France-KLM interested in?
Both companies are interested in acquiring a minority stake in TAP, Portugal's national airline.
Who reported the news about the TAP stake offers?
Bloomberg News reported on the binding offers, citing people familiar with the matter.
Was the Bloomberg report independently verified?
Reuters could not independently verify the Bloomberg report about the binding offers for TAP.

Tags

Related Articles

Image for Italy, US to sign off on Pax Silica AI initiative after spat with Trump

Italy, US to sign off on Pax Silica AI initiative after spat with Trump

Image for Pirelli confirms 2026 outlook despite Middle East crisis as operating profit rises 1%

Pirelli confirms 2026 outlook despite Middle East crisis as operating profit rises 1%

Image for Campari lifts 2026 profit outlook on tariff tailwind, beats first-half estimates

Campari lifts 2026 profit outlook on tariff tailwind, beats first-half estimates

Image for Exclusive-US mulls scuppering France's Washington ambassador pick over human rights spat

Exclusive-US mulls scuppering France's Washington ambassador pick over human rights spat

Image for L'Oreal sales rise on haircare boom and 'lipstick effect'

L'Oreal sales rise on haircare boom and 'lipstick effect'

Image for L'Oreal posts 6% rise in quarterly sales

L'Oreal posts 6% rise in quarterly sales

More from Finance

Explore more articles in the Finance category

Image for Telecom Italia second-quarter core earnings meet expectations
Telecom Italia second-quarter core earnings meet expectations
Image for Jet deliveries and defence demand lift Airbus Q2 profit
Jet deliveries and defence demand lift Airbus Q2 profit
Image for Apple says UK App Store proposal amounts to price regulation
Apple says UK App Store proposal amounts to price regulation
Image for European bank rally rolls on as Deutsche Bank, UBS report profit jump
European bank rally rolls on as Deutsche Bank, UBS report profit jump
Image for Two firefighters killed battling a wildfire on Greek island of Crete
Two firefighters killed battling a wildfire on Greek island of Crete
Image for Ex-FIFA chief Blatter blasts plan to sell stake in World Cup to investors
Ex-FIFA chief Blatter blasts plan to sell stake in World Cup to investors
Image for France issues deportation order against Russian media personality
France issues deportation order against Russian media personality
Image for Ferrari hits 2026 sales target for Luce EV two months after launch
Ferrari hits 2026 sales target for Luce EV two months after launch
Image for Qualcomm wins BMW chip supply deal for future vehicle platforms
Qualcomm wins BMW chip supply deal for future vehicle platforms
Image for 'Bond vigilante' Jim Leaviss dies aged 55
'Bond vigilante' Jim Leaviss dies aged 55
Image for Russia jails journalist for 12 years on treason charge
Russia jails journalist for 12 years on treason charge
Image for Russia's Sberbank may raise reserves after Wildberries attacks hit borrowers
Russia's Sberbank may raise reserves after Wildberries attacks hit borrowers
View All Finance Posts