IAG's Norwegian interest signals new round of airline deal-making
IAG says it has taken a 4.6 per cent in the carrier and sees it as an 'attractive investment'
Aer Lingus’s owner IAG has bought a stake in Norwegian Air, saying it is considering making a full offer for the discount competitor, signalling a new round of deal-making in a rapidly consolidating European airline market.
Shares of Norwegian Air soared as much as 47 per cent in Oslo on the news. A potential acquisition could value the company, which has a market value of more than €800m, at about €2.4 billion including ...
