Brief: Lufthansa Group & Portuguese Government Sign Agreement For Acquisition Of Minority Stake In TAP Air Portugal

Deutsche Lufthansa AG

Tue 16:54

Nov 3 (Reuters) - Deutsche Lufthansa AG LHAG.DE:
DEUTSCHE LUFTHANSA AG: LUFTHANSA GROUP AND PORTUGUESE GOVERNMENT SIGN AGREEMENT FOR ACQUISITION OF A MINORITY STAKE IN TAP AIR PORTUGAL
DEUTSCHE LUFTHANSA AG: PURCHASE PRICE OF 1.025 BILLION EUROS FOR AN INITIAL STAKE OF 44.9 PERCENT
DEUTSCHE LUFTHANSA AG: INVESTMENT WILL BE FINANCED ENTIRELY FROM AVAILABLE LIQUIDITY
DEUTSCHE LUFTHANSA AG : ESTIMATES UP TO €450MLN IN SYNERGIES FROM TAP AIR PORTUGAL ACQUISITION
DEUTSCHE LUFTHANSA AG: TAKING INTO ACCOUNT SO-CALLED TICKING FEE, TOTAL PURCHASE PRICE COULD RISE TO UP TO 1.2 BILLION EUROS
DEUTSCHE LUFTHANSA AG: COMBINED MARKET SHARE WITH TAP IN EUROPE-LATIN AMERICA TRAFFIC WOULD BE ABOUT 20%
DEUTSCHE LUFTHANSA AG: TAP STAKE COULD INCREASE TO UP TO 49.9% THROUGH EMPLOYEE SHARE ACQUISITION
DEUTSCHE LUFTHANSA AG - COMPLETION OF ACQUISITION REMAINS SUBJECT TO APPROVAL BY RELEVANT AUTHORITIES, IN PARTICULAR EUROPEAN COMMISSION

Further company coverage: LHAG.DE

 ((Reuters.Briefs@thomsonreuters.com;))