TAP's Sale Price Climbs to Five Times Its 2015 Level as Air France-KLM and Lufthansa Table Binding Offers
A financial valuation circulating as binding offers fall due values the whole of TAP at €1.948bn–€2.073bn, about five times its 2015 privatisation. The 49.9% stake the State is selling would be worth an estimated €972m–€1,034.5m, with Air France-KLM and Lufthansa the two bidders left in the race.