Stock Market News
IAG target Norwegian Air has had many approaches, CEO says
Norwegian Air Shuttle has had takeover approaches from a number of potential bidders and is open to a deal on the right terms, the airline's chief executive said.
Norwegian has rejected two offers by IAG, British Airways' owner, and Deutsche Lufthansa is considering a proposal. "Several others" are also interested, CEO Bjorn Kjos told Bloomberg.
The potential suitors are "very well run airlines with good people", Kjos said. Having said he did not want to sell, Kjos has said he is now more open to a deal, which would depend partly on price and the effect on the workforce.
"If the owners want to sell, I will not stop it," Kjos told the newswire. But he said a sale now would feel too early because "we have not started harvesting."
IAG CEO Willie Walsh is reported to be considering a third attempt to buy Norwegian after building a stake of 4.6% in the carrier, which has launched a budget service to the US. Walsh has played down his interest, saying IAG does not need to do a deal and that he does not want to lodge a hostile bid.
IAG shares rose 0.5% to 722p at 13:21 BST.
Norwegian has rejected two offers by IAG, British Airways' owner, and Deutsche Lufthansa is considering a proposal. "Several others" are also interested, CEO Bjorn Kjos told Bloomberg.
The potential suitors are "very well run airlines with good people", Kjos said. Having said he did not want to sell, Kjos has said he is now more open to a deal, which would depend partly on price and the effect on the workforce.
"If the owners want to sell, I will not stop it," Kjos told the newswire. But he said a sale now would feel too early because "we have not started harvesting."
IAG CEO Willie Walsh is reported to be considering a third attempt to buy Norwegian after building a stake of 4.6% in the carrier, which has launched a budget service to the US. Walsh has played down his interest, saying IAG does not need to do a deal and that he does not want to lodge a hostile bid.
IAG shares rose 0.5% to 722p at 13:21 BST.
Related share prices |
---|
International Consolidated Airlines Group SA (CDI) (IAG) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price