The M&A scene is heating up in Europe.
On Monday, Lufthansa’s CEO disclosed, the air-carrier is in touch with Norway’s Air Shuttle for a potential takeover. Incidentally, British Airways owner IAG is also sniffing around for a potential deal.
“In Europe, everyone is talking to everyone. There’s a new wave of consolidation approaching. That means we are also in contact with Norwegian,” said Carsten Spohr to the German news daily Sueddeutsche Zeitung.
When asked to comment whether the Norwegian aircarrier would fit into Lufthansa, Spohr stated, “Takeovers are always a question of strategic value, the price and anti-trust. There are no easy answers.”
With the news reaching the markets, shares of Norwegian Air opened 10% higher in Oslo and by 0708 GMT they were seen trading 7.5% higher at 267.6 crowns.