What does Lufthansa gain from its €1.2 billion TAP Air Portugal deal and when?
- Lufthansa: 4 events in the last 90 days
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What happened
Lufthansa expects about €450 million a year in synergies from buying up to 49.9% of TAP Air Portugal for €1.2 billion, but Portugal’s continued control, lengthy regulatory reviews and the slow progress of its ITA Airways deal suggest the gains could take years to arrive.
Summary assembled by rule from the sources below