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Norwegian Air's share price plunges as IAG withdraws offer

•Friday, 25 January 2019•3 min read

Norwegian’s share price plummeted 21.5% after International Airlines Group withdrew its offer.

IAG issued a statement yesterday saying it does not intend to make an offer and will be selling its 3.93% stake in the Oslo-based airline.

The British Airways parent is now expected to grow its low-cost, long-haul operation, Level.