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StocksMedium•20 March 2026•

1 min read

IAG Likely to Abandon Pursuit of TAP Air Portugal Acquisition

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Key Facts

1IAG, the owner of British Airways, is likely to abandon its interest in pursuing an offer for Portugal's flag carrier TAP.

2The report cited people familiar with the matter as reported by Bloomberg News.

International Airlines Group (IAG), the parent company of British Airways, is reportedly reconsidering its bid for the Portuguese state-owned airline TAP. Sources familiar with the matter indicate that the group is likely to abandon its pursuit of the carrier, according to reports from Bloomberg News. While specific reasons for the potential withdrawal were not disclosed, such decisions often stem from valuation concerns or complex regulatory hurdles within the European aviation sector. The news represents a significant development for the Portuguese government, which has been seeking to privatize its national airline. For IAG, withdrawing could prevent high acquisition costs but may also limit its strategic expansion in the Iberian market. Shares of IAG listed in London and Madrid are being closely monitored as investors weigh the implications of this strategic shift.