Lufthansa Says ‘Couldn’t Miss’ TAP Deal Has €450 Million Upside

🇵🇹 Bloomberg (PT) —

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Deutsche Lufthansa says a minority stake in Portuguese airline TAP would offer up to €450 million in annual synergies. The deal could also help Lufthansa catch up with European rivals in Latin America.

Deutsche Lufthansa AG outlined the benefits of a “couldn’t miss” opportunity to buy a minority stake in Portuguese airline TAP SA, including catching up with European rivals in Latin America and finding as much as €450 million ($505 million) in annual synergies.

Markets Deals Travel Lufthansa TAP Air Portugal minority stake airline acquisition synergies Latin America

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