Arab Today, arab today 4 bidders vying to take portugals tap private
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

4 bidders vying to take Portugal's TAP private

Arab Today, arab today

Arab Today, arab today 4 bidders vying to take Portugal's TAP private

Pilots of TAP airline walk under the company's logo
Lisbon - AFP

Lisbon will decide whether to privatise state-owned airline TAP in the next few weeks after approaches from four "credible" bidders, the economy minister said in an interview published on Friday.
"We have recieved more than three expressions of interest judged credible and which have spurred the government to think about possibly reviving the privatisation", Antonio Pires de Lima told finanancil daily Diario Economico.
The government is now considering whether to sell 49 percent and retain a controlling stake in the airline or to privatise fully, he said, adding that in total four bidders were currently in the mix.
The executive expects "to make a decision in the coming weeks so that, if necessary, privatization can take place in the coming months", said Pires de Lima.
Portugal has been seeking fresh ways to boost its coffers as the country struggles with tough austerity measures after years of recession sparked by the 2008 global financial crisis.
Jornal de Negocios on Friday reported the government will decide by the end of September and had identified three potential candidates.
Among them is South American businessman German Efromovich, owner of Columbian flag carrier Avianca, the only bidder to get into the second round of the last drive to privatise TAP which ended in December 2012.
TAP reported a 42-percent jump in net profit to 34 million euros last year thanks to a record number of passengers after several years of losses.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 4 bidders vying to take portugals tap private Arab Today, arab today 4 bidders vying to take portugals tap private

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today 4 bidders vying to take portugals tap private Arab Today, arab today 4 bidders vying to take portugals tap private

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday