Norwegian Air rises sharply on report of renewed IAG interest
Shares in Norwegian Air soared Tuesday as investors reacted to a report of renewed interest in the budget carrier from BA-owner IAG . Norwegian’s share price rose 11% in early trade to 278 crowns in Oslo after Spanish newspaper Expansion on Monday said IAG is preparing to bid 330 crowns per share for the Oslo-listed airline, citing unnamed sources. “What we can say, is that it’s business as usual for us, we’re expanding rapidly and sales are good. We can’t comment on the ownership situation,” said Tore Oestby, Norwegian Air’s Executive VP for Strategic Development. “Our crystal clear focus is on the purely operational, and to work on costs and efficiencies,” he added. IAG last month disclosed it had bought a 4.6% stake in Norwegian, but the budget carrier later said it had rejected two takeover proposals.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-23/oneworld/norwegian-air-rises-sharply-on-report-of-renewed-iag-interest
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Norwegian Air rises sharply on report of renewed IAG interest
Shares in Norwegian Air soared Tuesday as investors reacted to a report of renewed interest in the budget carrier from BA-owner IAG . Norwegian’s share price rose 11% in early trade to 278 crowns in Oslo after Spanish newspaper Expansion on Monday said IAG is preparing to bid 330 crowns per share for the Oslo-listed airline, citing unnamed sources. “What we can say, is that it’s business as usual for us, we’re expanding rapidly and sales are good. We can’t comment on the ownership situation,” said Tore Oestby, Norwegian Air’s Executive VP for Strategic Development. “Our crystal clear focus is on the purely operational, and to work on costs and efficiencies,” he added. IAG last month disclosed it had bought a 4.6% stake in Norwegian, but the budget carrier later said it had rejected two takeover proposals.<br/>
