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German airline Lufthansa denies making Iberia bid

19 October 2007

Germany’s biggest airline Lufthansa on Friday denied Spanish press reports that it was preparing a takeover bid for Spanish national carrier Iberia.

“‘This is not true. We deny it,'” a Lufthansa spokesman told AFP.

The takeover speculation was sparked by a quote in the Spanish press from a Lufthansa executive, Aage Duenhaupt, saying that Lufthansa believed three euros per share was a “‘very interesting price.'”

But the Lufthansa spokesman said there had been “‘a misunderstanding'”.

Iberia has been looking for a commercial partner since March.

source: Yahoo!

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