Deutsche Lufthansa AG (XETR:LHA) is pursuing a minority stake in Portugal’s TAP as privatization bids close by end‑July, while Lufthansa Technik is simultaneously investing a three‑digit million‑euro sum to build a 55,000 m² maintenance hub in Portugal creating ~700 jobs and opening by 2028.
Previous Week Recap
- Lufthansa Seeks TAP Minority Stake: Deutsche Lufthansa (LHA) seeks a minority stake in Portugal’s TAP amid privatization; binding bids from Lufthansa and Air France‑KLM due end of July, sale aimed for completion by early September.
- Lufthansa Technik Builds Portugal Facility: Deutsche Lufthansa AG (LHA): Lufthansa Technik starts building a 55,000 m² maintenance facility in Portugal, with a three‑digit million‑euro investment, ~700 jobs and operations expected in 2028.
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