Radar > 231634

TAP Air Portugal puts assets up for sale

A TAP Air Portugal coloca ativos à venda

Intel ID : 231634
Synopsis

Portuguese airline TAP Air Portugal began sale process of land named "reduto TAP", as published by newspaper Dinheiro Vivo on 23 November 2015.

Some of these assets include an area with offices, workshops and airline support facilities of Lisbon airport, which are valued at approximately EUR 146m.

According to the news, after privatization of TAP, the new shareholders, David Neeleman and Humberto Pedrosa, began company's restructuring process, aiming to reduce its liabilities and streamline group's assets

Airline's management team may have begun the first meetings to close the deal, which if it materializes, could force a change of TAP's headquarters.
(content in portuguese)

A companhia aérea portuguesa AP Air Portugal, colocou à venda os terrenos do chamado 'reduto TAP', segundo publicou o Dinheiro Vivo no dia 23 de novembro de 2015.

Entre os ativos estariam incluídos a área onde se situam os escritórios, oficinas e instalações de apoio da companhia aérea no aeroporto de Lisboa, que esta avaliado em aproximadamente EUR 146m.

Segundo a notícia, após a conclusão da privatização da companhia aérea, os novos acionistas, David Neeleman e Humberto Pedrosa , deram inicio a medidas de reestruturação da empresa, com o objetivo de reduzir o passivo e racionalizar ativos do grupo.

A administração da companhia aérea já teria iniciado as primeiras reuniões para tentar fechar o negócio que, a concretizar-se, poderá obrigar a uma mudança da sede da TAP.

Seller


Intel ID 231634
Value ND
Native Currency Euro (EUR)
Financial Data - TAP Air Portugal
(31 Dec 2022)
Revenue: EUR 205,56m
Net Debt: EUR 230,88m
People: 114
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Transport, Aviation and Logistics (Primary)
Primary Sector (TTRSC)
35.10.02 Aviation
35 Industrials / 35.10 Transportation & Logistics

Country
Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.