Lisbon, Aug. 14, 2025 (Lusa) - The decree-law for the privatisation of 49.9% of TAP provides that the private investor can take more than 44.9% of the company, acquiring whatever the workers don't buy of the 5% they have reserved.

"If the workers do not acquire all the shares made available within the scope of the reprivatisation, the reference investor will acquire the shares that have not been acquired by the workers of the TAP Group," reads the decree-law for the privatisation of the airline, published today in Diário da República.

As the government had already announced, this reprivatisation could amount to 49.9% of TAP's share capital, through a direct reference sale of up to 44.9% of TAP's share capital to the reference investor and a sale of up to 5% of the capital to the group's employees.

MPE/ADB // ADB.

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