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Lufthansa to buy 44.9 per cent of TAP Air Portugal in euros 1.2 billion deal

The German airline outbid Air France-KLM, the only other company in the race, Portuguese Prime Minister Luis Montenegro said. The government set aside 5 per cent of the company for its more than 9,000 employees to buy shares, with the government remaining the main shareholder.

14 Oct 2026 7:16 pm