Quifel also points to the completion of an initial public offering within three to five years.
The proposal Quifel , a holding company owned by Pais do Amaral, for the purchase of 61% of TAP proposes to inject EUR 325 million to recapitalize the airline, indicating the Journal of Business.
The aim is “to provide the much needed flexibility financial the company to implement its ambitious Strategic Plan, including renewal of its fleet and network expansion, “states the newspaper, citing a source close to the businessman.
The holding also provides for the acquisition of the 34 % of the state and the realization of an initial public offering within three to five years, reserving 5% to 10% for employees of TAP.
“This IPO will allow the company access to debt markets and capital, providing the company means comparable to their counterparts in order to compete in a structured way in an increasingly global market, “said the same source.
Besides Pais do Amaral, also David Neeleman (Blue ) and Germán Efromovich (Avianca) gave binding proposals to acquire the airline.
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