Lufthansa selected to acquire 44.9% stake in TAP Air Portugal
publishers 23articles 30first reported 14 Oct, 10:54 UTCdeveloping since 14 Oct · 8 editions
Lufthansa has been selected to acquire a 44.9% stake in TAP Air Portugal, defeating a rival bid from Air France-KLM in the Portuguese flag carrier’s privatization process. Lufthansa Group welcomed the selection of its offer.
The Wall Street Journal valued the stake at $1.3 billion. Bloomberg reported that Lufthansa sees €450 million in potential upside from the transaction, describing the company’s view of the opportunity rather than a guaranteed return.
Lufthansa may eventually seek a larger holding in TAP. The airline is in talks about taking the remaining 50.1% stake in the future, Reuters reported, citing Lufthansa’s chief financial officer. No timetable or agreed terms for such a transaction were reported.
HOW THIS STORY WAS MADE
Written from 8 articles, headlines and summaries only; 8 independent newsrooms once syndicated copies count as one; this version written 24 h after the record first saw the story; the editor kept it as written.
- Publishers
- 23
- Source articles
- 30
- Given to the writer
- 8, headlines and summaries only
- Independent newsrooms
- 8
- This version written
- 24 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and published it as written.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →