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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Should l Buy ?
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.
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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.
