Aviation Industry

IAG floats possible Norwegian takeover


British Airways and Iberia parent IAG is considering a possible takeover of Scandinavian budget carrier Norwegian, after taking a preliminary minority share in the airline.

IAG has disclosed that it has acquired a 4.61% shareholding in Norwegian.

Norwegian’s share price has risen by more than 20% during 12 April trading.

IAG says its shareholding will enable it to “establish a position” from which it could commence discussions with Norwegian, and that these could include the “possibility of a full offer” for the budget airline.

But IAG stresses that no talks have taken place with Norwegian and that it has not made any decision on making an offer…

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Fuente: https://www.flightglobal.com/news/articles/iag-floats-possible-norwegian-takeover-447639/

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