Share Prices & Company Research

Market News

16 Mar 2021 | 08:16

Wizz Air slumps as largest shareholder Indigo Partners sells half its stake

(Sharecast News) - Wizz Air was under the cosh on Tuesday after US private equity firm Indigo Partners sold just over 7.69 million shares in the budget airline in a placing. The shares were sold to institutional investors by way of an accelerated bookbuild at 5,200p each, raising gross proceeds of around £400m.

Following completion of the placing, Indigo will hold 7.3m shares in Wizz Air, down from 15m, or a stake of 17.5%.

At 0820 GMT, Wizz shares were down 6.3% at 5,160p.

Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.