Deals
Portugal Makes Fresh Attempt to Find Buyer for Flag Carrier TAP
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Portugal’s government approved plans to sell a 66 percent stake in TAP SGPS SA, commencing its second attempt to offload the state-owned airline in as many years.
TAP is in better shape to be sold than in 2012, when the government spurned the sole offer from Brazilian investor German Efromovich, Secretary of State for Transport Sergio Monteiro told reporters. Portugal agreed to a sale in 2011 as a condition of aid from the International Monetary Fund and European Union.