Thursday, July 2, 2020

#Portugal #Portuguese Government now ownes 72.5 percent of #TAPAirlines from 50% percent



The Portuguese Government announced today that it has reached an agreement with TAP's private shareholders, now holding 72.5% of the airline's capital, for 55 million euros.
"In order to avoid the collapse of the company, the Government has chosen to reach an agreement for 55 million euros", said the Minister of Finance, João Leão, in a joint press conference with the Minister of Infrastructure and Housing, Pedro Nuno Santos.

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