Lufthansa Group is seeking 19.9pc stake in TAP Air Portugal according to unconfirmed media reports.
Reports suggest the stake is valued at €180-200m and is part of the ailrine’s long awaited privatisation process.
Lufthansa plans to avoid takin a controlling stake to bypass EU approval.
CEO Carsten Spohr plans to meet with Portuguese officials in September to discuss the potential investment.
Other airlines like Air France-KLM and IAG also interested but have not commented
The proposed investment in TAP would expand Lufthansa’s presence in Europe, South America, and Africa. TAP’s network offers connections to Brazil, a key attraction for Lufthansa
The Portuguese government aims to privatise TAP, a process expected to involve less than 50pc of the airline’s capital
