Lufthansa leads bid for 44.9% stake in Portugal's TAP airline
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Lufthansa will receive a 44.9 percent stake in the Portuguese airline TAP, offering the purchase price entirely in cash, while rival Air France‑KLM proposed a mix of cash and its own shares.
Both carriers submitted final bids in September after the Portuguese government asked them to revise their offers, and the infrastructure ministry said the tender will be decided at an extraordinary cabinet meeting on Wednesday.