The offer provides €1.201 billion for up to 49.9% of the airline, with 5% preferentially earmarked for employees. According to Jornal Económico, that employee allocation is to be offered in 2027; Lufthansa would take any unsubscribed portion.
At the signing, Luís Montenegro and Carsten Spohr backed retaining TAP’s Portuguese brand and identity. Lufthansa’s chief executive described Lisbon as a future group hub. These commitments accompany a signed contract; they do not mean the integration has already been completed.