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PLMJ acts for TAP on €15m sale of LFP stake

PLMJ advised TAP Air Portugal on the sale of a 51 per cent stake in the duty free shop business Lajos Frances de Portugal (LFP) to French airports operator Vinci Airports.

 

LFP has 29 shops in five different airports. Swiss company Dufry will retain a 49 per cent stake in the business.

The deal was valued at €15.6 million.

LFP employs around 500 people and generated revenue of approximately €200 million in 2016.

Vinci Airports operates 35 airports worldwide and catered for 132.3 million passengers last year.

PLMJ acts for TAP on €15m sale of LFP stake
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Ben Cook

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

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