Lufthansa says reported plans to bid for Iberia are 'speculation' UPDATE |
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Published
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Tue, 10 Apr 2007 15:29
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(updating to add background)FRANKFURT (Thomson Financial) - Deutsche Lufthansa AG said reports it is planning a takeover bid at 4 eur per share for Spanish peer Iberia are 'mere market speculation.'A spokeswoman for the German carrier said she cannot further comment on the matter.Earlier, Lufthansa CEO Wolfgang Mayrhuber said, in an interview with Swiss daily Neue Zuercher Zeituung am Sonntag, that with a market price of about 4 bln eur, Iberia is 'clearly too expensive'.Spanish news agency EFE earlier reported that Lufthansa is planning to offer 4 eur a share for Iberia. This amounts to a total of 3.79 bln eur for all of Iberia's shares.Texas Pacific Group is offering 3.6 eur per share for the Spanish airline.Iberia declined to comment on the matter.maria.sheahan@thomson.comjcs/mas/jcs/sljCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Iberia denies talks with Lufthansa, Lufthansa declines comment UPDATE 