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Investing.com -- British Airways-owner IAG has submitted a statement of interest to buy a stake in Portuguese carrier TAP as part of the government’s part-privatization plan, the company confirmed Friday.
IAG told Parpública, the entity handling the privatization process, that "several terms would need to be addressed before IAG could propose an investment," according to an IAG spokesperson.
The announcement follows Germany’s Lufthansa confirmation on Thursday that it had filed interest for a minority stake in the Portuguese airline. Air France-KLM is also reportedly among the suitors for TAP.
The Portuguese government is proceeding with plans to sell part of its ownership in the national carrier, attracting interest from several major European airline groups.
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