Lufthansa appears to be strongly interested in acquiring a 19.9% stake in TAP Air Portugal, which is soon to be privatized by the Portuguese government. 

Lufthansa Group CEO Cartsten Spohr was reported to be in talks with senior Portuguese officials in relation to the potential acquisition. 

Portugal’s flag carrier was re-nationalized in July 2020, when the Portuguese government recovered majority control of the airline after buying out the shares held by US airline investor and entrepreneur, David Neeleman. 

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