Air France-KLM (AFLYY) plans to participate in the privatization of Portugal’s TAP SA, believing the country is a “strategic market,” Albertina Torsoli and Nayla Razzouk of Bloomberg reports. The Portugese government is considering selling at least 49% of TAP and Air France-KLM is interested in a minority or majority stake.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AFLYY:
- Air France-KLM initiated with a Hold at Kepler Cheuvreux
- Air France-KLM downgraded to Hold from Buy at Stifel
- Air France-KLM price target lowered to EUR 9.50 from EUR 10 at JPMorgan
- Air France-KLM downgraded to Underweight from Equal Weight at Barclays
- Citi double upgrades Lufthansa, downgrades Air France-KLM in sector note