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.