China’s HNA Group will buy an initial 7% stake in Atlantic Gateway, a private consortium that owns 50% of TAP Portugal. This could raise a stake that could reach up to 20% of the Portugal flag carrier, TAP spokesperson Isabel Palma confirmed to ATW in Lisbon. Meanwhile, the Portuguese government increased its stake in TAP Portugal to 50% last week, the Swiss daily Neue Zürcher Zeitung reported. On May 20, Portugal’s new Socialist government signed an agreement to partially ...

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