TAP sale inches closer to fruition

Victoria
By Victoria November 19, 2012 15:38

TAP sale inches closer to fruition

Synergy Group Corp., the conglomerate that owns AviancaTaca and headed by German Efromovich, is reported to be preparing a final binding offer for Portuguese airline TAP before the December 7 deadline.
Jose Efromovich, a board member of Synergy and brother of German Efromovich, is spearheading the acquisition. He said: “We are going to present an offer that squares with our diligence work and what we find.”
Both Efromovich brothers are the sons of Polish immigrants who moved to Bolivia after World War II, which means that both are eligible for Polish passports and so comply with European Union for only European shareholders to control more than 49% of EU carriers.

Victoria
By Victoria November 19, 2012 15:38
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