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MEDIA-IAG plans to offer 1.52 bln for Norwegian - Expansion

Reuters - UK Focus

May 21 (Reuters) - Spanish newspaper Expansion, citing unnamed sector sources:

* Says IAG plans to offer 1.52 billion euros ($1.79 billion) for Norwegian Air Shuttle (LSE: 0FGH.L - news)

* Says, after two unsuccessful attempts, IAG has drawn up a proposal that values its rival at 330 Norwegian crowns ($40.64) per share, a premium of 32 pct on the share price

* On Friday, IAG said it was not expecting to announce a deal to buy Norwegian soon and would not make a hostile bid

* IAG declined to comment -- Note (Stockholm: NOTE.ST - news) : Reuters has not verified this story and does not vouch for its accuracy ($1 = 0.8514 euros) ($1 = 8.1204 Norwegian crowns) (Gdynia Newsroom)