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Portugal, private investors agree to share control of TAP airline

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THE new Portuguese government and a private consortium that bought a 61 per cent stake in flag carrier TAP last year have agreed in principle to give the state a larger stake and share control of the airline, leaving it under private management.

Lisbon

THE new Portuguese government and a private consortium that bought a 61 per cent stake in flag carrier TAP last year have agreed in principle to give the state a larger stake and share control of the airline, leaving it under private management.

After long and uneasy

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