International Airlines Group (IAG) has ruled out making a further offer for LCC Norwegian and announced plans to sell its existing stake. IAG acquired 4.61% of Norwegian in April 2018, with the aim of initiating full takeover discussions. However, Norwegian rejected two subsequent IAG approaches, saying the offers were too low. Last August, IAG CEO Willie Walsh said the group would not retain its Norwegian shares, should it fail to acquire the LCC. In a Jan. 24 stock market disclosure, ...

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