Canonical event record
What happened
Portugal awarded Lufthansa a deal for at least a 44.9% minority stake in TAP Air Portugal, valued at €1.025 billion for the base stake and €1.201 billion including the employee-reserved shares. EU approval and contract details remain outstanding.
Why it matters: The investment may expand Lufthansa’s South America reach and could affect TAP’s future alliance and transatlantic joint-venture strategy.