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251119

TAP privatization, judicial searches and bids

Judicial searches linked to the 2015 privatization of TAP and scrutiny of aircraft purchase contracts; Parpública-led sale of 44.9% (plus 5% employees) with Air France‑KLM submitting an expression of interest; timeline for bid evaluation and next-stage non‑binding offers; political reactions and market concerns about impact on sale negotiations. Key actors: Parpública, Air France‑KLM, Humberto and David Pedrosa, Portuguese Public Prosecutor's Office, state shareholders. Region: Portugal.