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…
