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.