Newsletter - Administrative and Environment | Government Approval of the First Phase of the Reprivatisation of TAP - Transportes Aéreos Portugueses, S.A.

The Government of Portugal, through Decree-Law no. 92/2025, dated August 14, has approved the process for the reprivatisation of the share capital of TAP – Transportes Aéreos Portugueses, S.A.

This process involves the direct sale of a portion of TAP's share capital to a strategic investor, while the Portuguese State retains a majority shareholding.

SRS Legal's Administrative and Environmental Law Department explains what is required.