Lufthansa Group and Portugal Sign Agreement on TAP Air Portugal Stake

Lufthansa Group and the Portuguese government signed an agreement concerning Lufthansa’s acquisition of a minority stake in TAP Air Portugal. The reported terms describe an initial 44.9% stake, with a possible increase to 49.9%.

Key details

• Carsten Spohr, Lufthansa Group’s CEO, attended the agreement-signing ceremony.
• The reported initial stake is 44.9%, with a possible increase to 49.9%.

Why it matters

A stake in TAP Air Portugal would link Lufthansa Group with Portugal’s flag carrier through an ownership arrangement. The reported figures outline the potential scale of Lufthansa’s participation.