Citigroup advising on TAP sale

Dino D'Amore
By Dino D'Amore December 16, 2014 21:54

Citigroup advising on TAP sale

Citigroup is advising the Portuguese government on the sale of 66% of TAP. The government has tried to sell the airline in the past, which has been difficult since the buyer will have to provide significant capital and take on liabilities of €1 billion.

Bids are expected for TAP in the first quarter of 2015, with a buyer being selected by June.

Dino D'Amore
By Dino D'Amore December 16, 2014 21:54