IAG CEO says would not participate in bidding war for Norwegian
Reuters
Published Jun 14, 2018 12:33
IAG CEO says would not participate in bidding war for Norwegian
LONDON (Reuters) - British Airways-owner IAG (L:ICAG) will not become involved in any bidding war for Norwegian Air Shuttle (OL:NWC), the group's chief executive told shareholders at its annual meeting on Thursday, adding it was not a must-do deal.
Norwegian said in May that it had rejected two approaches from IAG, the owner of British Airways, Iberia, Aer Lingus and Vueling, because they undervalued the company.
"We remain open-minded about Norwegian – this is not a deal that we have to do and we will certainly not get involved in a bidding war," IAG's CEO Willie Walsh told the group's meeting which was held in Madrid.
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Written By: Reuters
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