The government will announce on Saturday morning at 9:30 am, to relinquish majority control of TAP – getting 50% -. And that the company’s management will be private
The news is being advanced by the Observer and the Economic Daily, which submit that the agreement with private shareholders of TAP will be announced on Saturday, the Ministry of Planning and Infrastructure, at a press conference convened on Friday.
this Similarly, António Costa has reached an agreement with shareholders Humberto Pedrosa and David Neeleman – holders so far 61% – but, contrary to what had been the original intention of controlling the majority of the company, the agreement implies the division of capital and company management into two parts of 50% each.
according to the Observer, the government “still implements the investment plan announced by private shareholders and providing for the purchase of 53 new aircraft including the renewal of the Portugália fleet. “
” the state will have 50% stake in TAP and the board will be joint (six members appointed by the state and six by the consortium) “, explains Pedro Marques, Minister of Planning and Infrastructure, quoted by the newspaper Expresso.
according to the same newspaper, the executive committee thus remains the one designated by the consortium, with Fernando Pinto as president and David Pedrosa the son of Humberto Pedrosa, as CFO. The change is the chair of the board of directors, which shall be the State, with the casting vote.
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