Lufthansa aims to acquire full ownership of TAP Air Portugal

Lufthansa announced its intention to acquire 100% of TAP Air Portugal, a move supported by the Portuguese government to advance TAP’s privatization.

The airline projects up to €450 million in annual net earnings from TAP and is negotiating a dividend distribution mechanism that could reach 75%, allowing it to benefit from TAP’s results while initially holding a minority stake. Lufthansa’s CFO said most synergies would be generated directly at TAP, and the CEO called the acquisition a strategic opportunity, highlighting TAP’s strong presence in South America, especially Brazil.