Deutsche Lufthansa AG has emerged as the frontrunner to acquire a minority stake in Portugal’s state-owned airline TAP, according to people familiar with the matter.
US Secretary of State Marco Rubio said Portugal and the rest of Europe should not rely on a single country such as China for key goods, as Washington seeks to limit Beijing’s influence in strategic sectors.
Portugal’s opposition Socialist Party said it will ask lawmakers to abstain in an initial vote on the 2027 budget, boosting chances for the minority center-right government to push its fiscal plan through parliament.
Tekever, a Portuguese developer of surveillance drones, is seeking acquisitions after the first close of a funding round that targets raising $580 million.
Benfica shareholder José António dos Santos said he’s been approached by several investors interested in buying his 16.4% stake in the club after a previous deal fell through.
Portuguese flag carrier TAP posted a €99 million ($115 million) first-half loss as higher fuel prices weighed on earnings ahead of the planned sale of a minority stake in the state-owned airline.
Deutsche Lufthansa AG and Air France-KLM submitted binding offers for a minority stake in Portugal’s TAP SA, according to people familiar with the matter.
Mozambique is making progress toward a debt-restructuring deal with China similar to the one it reached with Brazil and is seeking a new International Monetary Fund program this year, President Daniel Chapo said.
Angola plans to sell stakes in 10 companies ranging from mining to telecommunications by the end of the year, as it accelerates a privatization drive ahead of elections scheduled for 2027.
