Air France-KLM and Lufthansa Submit Binding Bids for TAP
Air France-KLM and Lufthansa have submitted binding bids to purchase TAP, with the Portuguese government expected to receive a report within 30 days.
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According to Euronews, Air France-KLM and Lufthansa have submitted binding bids to buy TAP. Following these submissions, the Portuguese government is now expected to receive a report regarding the bids within 30 days.
The government may potentially ask the investors to submit an improved final bid once the evaluation process of the current proposals is underway.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews