Wizz Air's biggest shareholder sells half its stake for GBP400m
Wizz Air’s largest investor Indigo Partners sold about half its stake in the Hungary-based low cost airline to institutional investors, a statement on Tuesday said, raising gross proceeds of around GBP400m. Private equity firm Indigo Partners did own 15m shares or a 17.5% stake in Wizz Air prior to the disposal, which was first announced on Monday. The sale of 7.7m shares will leave it with a stake of about 8.5%. The sale was carried out via an accelerated bookbuild process at a price of 5,200 pence per placing share. The shares had closed at 5,505 pence on Monday. The completion of the placing is expected on March 18.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-03-17/unaligned/wizz-airs-biggest-shareholder-sells-half-its-stake-for-gbp400m
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Wizz Air's biggest shareholder sells half its stake for GBP400m
Wizz Air’s largest investor Indigo Partners sold about half its stake in the Hungary-based low cost airline to institutional investors, a statement on Tuesday said, raising gross proceeds of around GBP400m. Private equity firm Indigo Partners did own 15m shares or a 17.5% stake in Wizz Air prior to the disposal, which was first announced on Monday. The sale of 7.7m shares will leave it with a stake of about 8.5%. The sale was carried out via an accelerated bookbuild process at a price of 5,200 pence per placing share. The shares had closed at 5,505 pence on Monday. The completion of the placing is expected on March 18.<br/>
