The project was approved by the center-right government on Thursday at a cabinet meeting in Lisbon, as Presidency Minister Luis Marques Guedes announced. The remaining 34 percent will remain in state hands.
The government of Prime Minister Pedro Passos Coelho announced months ago that they are launching the controversial privatization before the end of the year and wanted to have handled the start of 2015. However, it was not known what proportion should be given in private hands. This question should have led to violent disagreements in the coalition government, according to media reports.
Portugal wants to restructure with privatization program his finances
A first attempt at privatization of TAP was the end of 2012 in the heart of the Portuguese financial crisis failed because the government had rejected the only present offer to purchase the Brazilian-Colombian businessman Germán Efromovich.
With the help of a large-scale privatization program wants to Portugal, which left the EU bailout in May, rehabilitate his finances. Since 2011, received around nine billion euros in state coffers
Video:. Portugal’s election winner Coalho wants commitments comply
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