The impending privatization of TAP Portugal is the next action in the global consolidation trend and could well lead to one of the first intercontinental takeovers. The outcome will also have broader implications on the alliance landscape. TAP is on the list of state-owned companies that Portugal has to sell as part of its €78 billion ($110 billion) European Union-led bailout. In the last few years, TAP has been struggling financially and attempts to sell the airline have failed. It is ...


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