LONDON, March 16 (Reuters) - Wizz Air's WIZZ.L largest investor Indigo Companions b
LONDON, March 16 (Reuters) – Wizz Air’s WIZZ.L largest investor Indigo Companions bought about half its stake within the Hungary-based low price airline to institutional buyers, a press release on Tuesday stated, elevating gross proceeds of round 400 million kilos ($553 million).
The sale, first introduced on Monday, was carried out by way of an accelerated bookbuild course of at a worth of 5,200 pence per inserting share. The shares closed at 5,505 pence on Monday.
Following completion of the inserting, anticipated on March 18, non-public fairness agency Indigo will proceed to carry 7,300,000 million shares in Wizz.
($1 = 0.7231 kilos)
(Reporting by Sarah Younger; Modifying by Kate Holton)
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