IAG Group Buys 4.6% Share Of Norwegian Air Shuttle ASA

IAG Group, the parent company of Iberia, Aer Lingus and British Airways has reportedly bought a 4.61% share of Norwegian Air Shuttle ASA, sparking rumours of a takeover bid.    IAG says that no discussions have taken place and no decisions have been made regarding an offer.   But, insiders say a takeover would strengthen IAG´s position against Easyjet and Ryanair and that its minority investment puts the company in a position to begin negotiations with Norwegianair.