08:42 AM EDT, 10/14/2026 (MT Newswires) -- Portugal named Deutsche Lufthansa (LHA.F) as its preferred bidder for a stake of up to 44.9% in state-owned airline TAP, Bloomberg News reported Wednesday, citing people familiar with the matter. The decision was made at a cabinet meeting held on the same day, with the Portuguese government choosing between Lufthansa and rival bidder Air France-KLM (AF.PA). A further 5% of TAP is reserved for its employees. The Portuguese finance ministry, Lufthansa and Air France-KLM did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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