ce sera le groupe Lufthansa- et non Air France-KLM- qui va acqu\u00e9rir une participation de 44,9 % dans TAP Air Portugal<\/a>, le transporteur national portugais. Le groupe Lufthansa vole de succ\u00e8s en succ\u00e8s en Europe du sud, ayant donc en moins de deux ans, acquis ITA, ex Alitalia, et maintenant TAP Air Portugal.<\/p>\nCette d\u00e9cision s\u2019inscrivait dans le processus de reprivatisation partielle de TAP Air Portugal, relanc\u00e9 en juillet 2025 par le gouvernement portugais. L\u2019\u00c9tat annon\u00e7ait alors c\u00e9der 44,9 % du capital \u00e0 un investisseur strat\u00e9gique, tout en conservant la majorit\u00e9 du capital. Une participation pouvant atteindre 5 % resterait n\u00e9anmoins r\u00e9serv\u00e9e aux salari\u00e9s.<\/p>\n
Contrairement \u00e0 d’autres compagnies a\u00e9riennes de taille moyenne en Europe, TAP repr\u00e9sente un atout strat\u00e9gique majeur. Celui d’\u00eatre le premier transporteur vers le Br\u00e9sil et \u00e9galement un important acteur vers l’Afrique, notamment lusophone.\u00a0<\/p>\n
Lufthansa va devoir, selon les obligations \u00e9nonc\u00e9es par le gouvernement pour l’acquisition de TAP, p\u00e9renniser et d\u00e9velopper les lignes a\u00e9riennes r\u00e9gionales de la compagnie, notamment \u00e0 Porto, et maintenir des activit\u00e9s de maintenance au Portugal.\u00a0<\/p>\n
Selon deux sources proches du dossier consult\u00e9es par l’agence de presse Reuters, Lufthansa aurait devanc\u00e9 Air France-KLM, son concurrent dans cette op\u00e9ration, par la possibilit\u00e9 de prendre les 44,9% par une structure enti\u00e8rement num\u00e9raire. Ce qui signifie que l’int\u00e9gralit\u00e9 de l’acquisition se fera exclusivement avec des liquidit\u00e9s, comme des esp\u00e8ces, des virements bancaires ou des ch\u00e8ques<\/span><\/mark>. Air France-KLM avait, pour sa part, propos\u00e9 de combiner liquidit\u00e9s et actions. La solidit\u00e9 financi\u00e8re de Lufthansa semble avoir fait le reste.<\/p>\nM\u00eame si beaucoup d’observateurs avaient jug\u00e9 que la philosophie d’int\u00e9gration d’Air France \u00e9tait davantage en phase avec le style TAP Air Portugal. D’o\u00f9 ce contre-proverbe \u00ab\u00a0quand on compte, on n’aime pas…\u00a0\u00bb<\/p>\n
Le gouvernement portugais doit pr\u00e9ciser les conditions de l\u2019op\u00e9ration lors d\u2019un point presse pr\u00e9vu plus tard dans la journ\u00e9e de mercredi. La transaction doit \u00e9galement recevoir l’aval de la Commission Europ\u00e9enne,\u00a0 ce qui pourrait faire tra\u00eener sa reconnaissance officielle jusqu’en 2028.\u00a0<\/p>\n
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The German airline Lufthansa will finally become the main shareholder of the national carrier TAP Air Portugal with a stake of 44.9%, overtaking Air France-KLM on the pole. <\/p>","protected":false},"author":21,"featured_media":231095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[1607,2509,2531],"type-darticle":[52],"n_magazine":[],"class_list":["post-231083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerien","tag-lufthansa","tag-tap-air-portugal","tag-air-france-klm","type-darticle-breve","vapo-free"],"acf":[],"yoast_head":"\n
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