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Lufthansa Says ‘Couldn’t Miss’ TAP Deal Has €450 Million Upside

Deutsche Lufthansa AG outlined the benefits of a “couldn’t miss” opportunity to buy a minority stake in Portuguese airli...

Deutsche Lufthansa AG outlined the benefits of a “couldn’t miss” opportunity to buy a minority stake in Portuguese airline TAP SA, including catching up with European rivals in Latin America and finding as much as €450 million ($505 million) in annual synergies.

SOURCE: Bloomberg Markets
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