TAP. Reprivatization candidates must submit proposals by November 22

Those interested in the reprivatization of 49.9% of TAP have until November 22, at 4:59 pm, to submit their expression of interest in participating in the operation, according to information released this Tuesday by Parpública.

The note also states that the direct reference sale process will have the financial advice of Bank of America Europe Designated Activity Company and Caixa – Banco de Investimento, S.A. Legal advice will be provided by Uría Menéndez Abogados.

“Any entity, national or foreign, legal person, individually or in a group, that intends to participate in the Direct Reference Sale must submit, within 60 days from the entry into force of the Resolution, the declaration of expression of interest and compliance with the admission criteria (“Declaration”), under the terms and conditions set out in the Specifications”, explains Parpública.

The entity also states that “any request for procedural clarification must be presented in writing and sent electronically” by 4:59 pm (mainland Portugal time) on October 13, 2025.

Potential interested parties who do not submit requests for clarification in accordance with the previous point, “but wish to receive the clarifications provided, may request to receive responses to the requests for clarification made, and for this purpose must submit the corresponding request in writing, together with a declaration of effective interest in participating in the Direct Reference Sale, and send it electronically to the above-mentioned address by 4:59 p.m. (mainland Portugal time) on November 7, 2025”.