It is one of those seminal days of the year when the tables start turning for many companies. 5pm today is of course deadline for TAP bidders; with reports this week indicating that Greybull Capital, owners of the Monarch Group are interested in making a bid. Also putting their hat in the ring is a consortium led by Brazilian David Neeleman, which is backed by a host of Portuguese investors. Also still in the fray is Germán Efromovich, who saw his bid for TAP rejected in 2012 after he reeled back from guaranteeing to underwrite TAP’s re-capitalisation (quite right too).

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