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Euronews
Euronews
Joana Mourão Carvalho

Air France-KLM in the race for Portugal's TAP with offer for minority stake

TAP Portugal Air FranceKLM IAG

TAP is in the process of being privatised, and this Thursday is the last day to submit non-binding bids to take a minority stake in the company. The Air France-KLM group is the first company to confirm that it has made a proposal to acquire a minority stake in the Portuguese airline.

The non-binding proposal was submitted on Thursday, 2 April, the Franco-Dutch group said in a statement.

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