State to become TAP’s sole shareholder – Economy

The State will become the sole shareholder of TAP airline, after an operation to clean up the losses, which should take place later this year and which will involve private shareholders. In this Wednesday’s edition of public newspaper, it is indicated that the plan also involves the total investment of 2,726 million euros of public money in the company’s capital.

The newspaper indicates that this is the information contained in a document from the European Commission, dated July 16 and now released in the context of public consultation.

According to this information, the Government notified Brussels, on June 10, that it intended to invest 3,200 million in TAP, an amount that takes into account the 1,200 million already lent last year.

According to the European Commission, the realization of the value was accompanied by an updated version of the restructuring plan, delivered on December 10, 2020, and other additional documents. Of these 3,200 million euros, 2,726 million would be applied “through capital or quasi-capital measures”, between this year and next year, according to Público.

Source: Correio da Manhã by

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