Wizz Air top shareholder to sell shares worth 500 million pounds
Wizz Air’s largest shareholder private equity firm Indigo Partners plans to sell shares worth GBP500m via an accelerated bookbuilding process, the bookrunner on the sale said Monday. The Indigo shareholders own 20.6% of Wizz Air, which is worth about GBP624m based on Monday’s closing share price. Veteran low-cost airline investor Bill Franke is Indigo’s managing partner and founder and is chairman of Wizz Air. The shares will be offered to institutional investors. The share sale comes just days after the European low-cost airline upgraded its annual profit forecast after a strong Q# performance when it carried more passengers. The sale of Indigo shares could also help Wizz Air’s compliance with EU shareholder rules following Britain’s exit from the EU.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-04/unaligned/wizz-air-top-shareholder-to-sell-shares-worth-500-million-pounds
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Wizz Air top shareholder to sell shares worth 500 million pounds
Wizz Air’s largest shareholder private equity firm Indigo Partners plans to sell shares worth GBP500m via an accelerated bookbuilding process, the bookrunner on the sale said Monday. The Indigo shareholders own 20.6% of Wizz Air, which is worth about GBP624m based on Monday’s closing share price. Veteran low-cost airline investor Bill Franke is Indigo’s managing partner and founder and is chairman of Wizz Air. The shares will be offered to institutional investors. The share sale comes just days after the European low-cost airline upgraded its annual profit forecast after a strong Q# performance when it carried more passengers. The sale of Indigo shares could also help Wizz Air’s compliance with EU shareholder rules following Britain’s exit from the EU.<br/>
