Iag (Iberia) Weighs Withdrawal From the Bid for Portuguese Tap

www.larazon.es

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IAG is not clear whether to continue in the bidding for the Portuguese airline TAP.The Spanish-British holding owner, among others, of Iberia, would be considering not to submit a firm offer by the Portuguese company, according to Bloomberg agency.According to this information, the conglomerate led by Luis Gallego would not just convince him not to be able to take full control of TAP, because Portugal has proposed that the private investor enter…

sabado.pt

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The TAP sales burden chain provides for foreigners to be at 44.9% of the capital, with 5% reserved for workers, leaving any subscriber to the right of preference in the future buyer.

Jornal Expresso

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IAG Group may not advance with an offer in privatization of the TAP, which is due to the disappointment it has shown in the face of the sale of a minority shareholding of the company. Official source of the company recalls that it has until 2 April to submit a proposal.

SIC Notícias

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The acquisition of a minority position is not based on the company's strategy. The group integrates British Airways, Iberia and has a major shareholder in Qatar Airways.