Story perspectives

Lufthansa to Buy 44.9% of TAP for €1.025B

By Drooid · Oct 14, 2026, 6:10 PM UTC · How we work

Summary

Story summary

Lufthansa is buying a 44.9% stake in TAP Air Portugal.
Lufthansa’s offer totals 1.025 billion euros, 16% higher than Air France-KLM’s bid.
The Portuguese government values the transaction at 1.2 billion euros.
The government will retain at least 50.1% of TAP, allocating a 5% share block to employees.
EU regulators must approve the deal before it closes.

History

Historical Context

In 2009 Lufthansa acquired a controlling stake in Austrian Airlines after the European Commission cleared the deal following a July investigation. The purchase reshaped competition in Central Europe and gave Lufthansa a regional foothold. In 2024 the group is pursuing a large stake in TAP Air Portugal, a bid that again awaits EU regulator approval.

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Story summary

Lufthansa is buying a 44.9% stake in TAP Air Portugal.
Lufthansa’s offer totals 1.025 billion euros, 16% higher than Air France-KLM’s bid.
The Portuguese government values the transaction at 1.2 billion euros.
The government will retain at least 50.1% of TAP, allocating a 5% share block to employees.
EU regulators must approve the deal before it closes.

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