Top Wizz Air shareholder to sell up to GBP400m worth of stock
Wizz Air’s largest shareholder, Indigo Partners, is planning to sell up to GBP400m ($555.56m) worth of shares in the Hungarian low-cost airline, Barclays Bank said on Monday. Private Equity firm Indigo Partners owns 15m shares, or a 17.5% stake, in Wizz Air as of Monday, said the bank, which is acting as the global coordinator on the deal. Based on the last closing price of Wizz Air shares, Indigo Partners’ stake in the airline amounts to about GBP825m. Barclays said on Monday the share sale would be done through an accelerated bookbuild offering that starts immediately.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-03-16/unaligned/top-wizz-air-shareholder-to-sell-up-to-gbp400m-worth-of-stock
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Top Wizz Air shareholder to sell up to GBP400m worth of stock
Wizz Air’s largest shareholder, Indigo Partners, is planning to sell up to GBP400m ($555.56m) worth of shares in the Hungarian low-cost airline, Barclays Bank said on Monday. Private Equity firm Indigo Partners owns 15m shares, or a 17.5% stake, in Wizz Air as of Monday, said the bank, which is acting as the global coordinator on the deal. Based on the last closing price of Wizz Air shares, Indigo Partners’ stake in the airline amounts to about GBP825m. Barclays said on Monday the share sale would be done through an accelerated bookbuild offering that starts immediately.<br/>
