It's Official: Lufthansa Signs $1.2 Billion Deal To Purchase 44.9% Of TAP Air Portugal

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It's Official: Lufthansa Signs $1.2 Billion Deal To Purchase 44.9% Of TAP Air Portugal

AI Summary

Lufthansa has signed an agreement to acquire a 44.9% stake in TAP Air Portugal for $1.2 billion. The deal is intended to make Lisbon Lufthansa's seventh hub and support growth in Latin American markets.

Lufthansa officially signs its TAP acquisition agreement, positioning Lisbon as its seventh hub and targeting Latin American growth.

Markets Deals Travel Lufthansa TAP Air Portugal acquisition airline industry Lisbon hub Latin America

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