IAG not interested in remaining a minority shareholder in Norwegian if takeover fails: CEO

22 January, 2019

IAG CEO Willie Walsh said IAG has no intention of remaining a minority shareholder in Norwegian if it fails to fully acquire the budget carrier (Irish Times/Irish Independent, 21-Jan-2019). Mr Walsh said: "I have been very clear that if we do not progress to a full takeover, then we have not interest in retaining it". IAG currently owns a 4.6% stake in Norwegian. He added that IAG will not enter a "bidding war" over Norwegian.