Pursuits
Brazilian Efromovich Seeks Polish Passport to Buy Portugal’s TAP
This article is for subscribers only.
Brazilian investor German Efromovich, the sole bidder for Portuguese state-airline TAP SA, is seeking Polish citizenship to comply with rules capping outside ownership of European Union airlines at 49 percent.
“I’m currently regularizing the documentation,” Efromovich said at a press conference in Lisbon today, adding that his parents and grandparents were from the East European country. “I have the right to be Polish.”