Wizz Air’s prime stakeholder sells 12.5 mln shares in airline

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Wizz Air’s prime stakeholder sells 12.5 mln shares in airline

Feb 4 (Reuters) - Wizz Air Holdings Plc's largest shareholder, personal fairness agency Indigo


Feb 4 (Reuters) – Wizz Air Holdings Plc’s largest
shareholder, personal fairness agency Indigo Companions, on Tuesday
offered about 12.5 million shares of the low-cost airline, at a
3.5% low cost to Monday’s shut, in accordance with the bookrunner.
The inserting, at a worth of 4,015 pence per share, raised
proceeds of about 500 million kilos ($648.45 million).
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The Indigo Companions shareholders personal 20.6% of Wizz Air,
which is value about 624 million kilos primarily based on Monday’s shut.
Veteran low-cost airline investor Invoice Franke is Indigo’s
managing companion and founder, and can also be the chairman of Wizz
Air.

($1 = 0.7711 kilos)

(Reporting by Yadarisa Shabong in Bengaluru; Modifying by Shounak
Dasgupta)
(([email protected]; inside UK: +44 020 7542
1810 (extn. 9089); exterior UK: +91 80 6182 2784;))

Key phrases: WIZZ AIR HLDGS INVESTORS/ (URGENT)

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