Norwegian shares continue to rise after Lufthansa confirms interest
Norwegian Air share price is continuing to nudge upwards following news that Lufthansa is interested in bidding for the low-cost carrier, which has already rejected two offers from British Airways’ parent IAG.
Shares in the airline rocketed more than 13% yesterday after Lufthansa’s chief executive confirmed in an interview that he had also been talking to Norwegian about a potential take over.
"Everyone in Europe is talking to everyone right now," Carsten Spohr told Suddeutshce Zeitung in Germany. "There is another wave of consolidation. This means that we are also in contact with Norwegian."
Norwegian confirmed that it has received several expressions of ‘indicative and preliminary interest in share acquisitions, mergers … and various forms of operational and financial co-operation’.
IAG confirmed in April that it had acquired 4.6% of Norwegian’s shares and it is has made two approaches to buy the loss-making airline for an undisclosed price, both of which were rejected by Norwegian’s board.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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