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Medina: TAP scandals are “specific events” and do not affect the “intrinsic” value of the company

The succession of scandals and controversies in TAP does not compromise the value of the company in the sale process. The endorsement is given by the Minister of Finance, Fernando Medina, who assured that he did not want to “devalue” the cases that are being heard in the ambit of the TAP Parliamentary Investigation Commission, but considering that they are “one-deactivated” and ” limited”.

Leaving an informal Eurogroup meeting in Stockholm, Medina guaranteed that the TAP reprivatization process, as well as the value of the airline itself, “is not conditioned by economic analyzes of this or that event.” Subsequently, it considered that these are “specific, limited, circumscribed events”, clarifying: “I am not referring to the greater or lesser severity of each one, they are isolated events, some of minor importance, others of great significant importance, which are being evaluated by the commission of inquiry, but they are separate matters.”

The issue that Medina “separates” from the scandals is the very value of TAP, which he defended: on the one hand, as a company “that manages an operation in center from Lisbon” and has the “privilege” of having connections with Africa, Latin America and the United States, advantages that the company, Medina said, has been able to take advantage of, highlighting last year’s profits.

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Source: Observadora

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