The privatization process of the airline TAP will go “soon” to the Council of Ministers, Finance Minister Fernando Medina said on Monday.
“I hope to be able to present to the Council of Ministers soon the start of the privatization process of TAP,” the minister said at a press conference in Madrid together with Spain’s economy minister Nadia Calviño.
Medina stated that due to TAP’s “very good performance” – “a performance well above expectations in terms of compliance with the restructuring plan” – this is “a good time for the government to rethink the course of privatization of the company”.
According to the minister, this is “the main conclusion” of the “exploratory work” and “indicative” of a “pre-market study with potential investors” that TAP has already done to “estimate exactly what would be and what are the investments “. prospects” of potential stakeholders in the company.
“The government is carrying out the preparatory and necessary work to be able to start the privatization process of TAP, which we will do as soon as possible, but also with due attention to a process of this magnitude and this requirement,” said Fernando Medina, before expressed its intention to bring the file to the Council of Ministers shortly.
Fernando Medina was in Madrid this Monday to participate in a conference on the future of European economic and financial policy with Spanish Minister Nadia Calviño, organized by the Elcano Institute of International and Strategic Studies.
The two ministers then had a bilateral meeting.
Source: DN
