SÉRVULO advises TAP on the privatisation of CATERINGPOR

Sérvulo & Associados advised TAP Air Portugal on the transaction involving the divestment of the block of shares held by the airline in Cateringpor, carried out within the framework of the commitments set out in TAP’s restructuring plan approved by the European Commission in 2021.

The public tender was launched on 30 December 2025 and provided for the sale of an indivisible block of 357,000 Cateringpor shares, representing 51% of the company’s share capital. This majority stake was awarded to the Swiss group Gate Gourmet, with the transaction being formally completed on 13 April.

The transaction also involved the definition of the contractual terms governing the provision of catering services by Cateringpor following the completion of the transaction.

The SÉRVULO team was led by partners Mark Bobela-Mota Kirkby, Pedro Silveira Borges and Francisco Boavida Salavessa, from the Public Law, Corporate M&A and Finance departments, with the collaboration of lawyers Daniel Castro Neves and Pedro Zincke dos Reis.