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Air France-KLM and Lufthansa bid for TAP Portugal – but what happens next?

Both Air France-KLM Group and Lufthansa Group have now submitted binding offers to acquire a minority stake in TAP Air Portugal following on from their non-binding bids in April 2026.   On July 29, 2026, Air France-KLM was first out of the starting blocks confirming that its offer was for a 44.9% to…
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