Indigo Partners to sell 10m Wizz Air shares in placing

(Sharecast News) - Private equity firm Indigo Partners is planning to sell around 10m shares in Wizz Air in a placing, according to a release by JP Morgan on Thursday. The planned sale, which equates to a stake of about 9.7%, will be carried out through a placing of ordinary shares via an accelerated bookbuilding offering to institutional investors.

Indigo currently owns just under 24.7m shares in Wizz Air, equivalent to a stake of 23.9%.

"The placement is driven by certain investors in the funds managed by Indigo Partners seeking to realise their investment following an extended holding period," JPM said.

Morgan Stanley and JP Morgan are joint bookrunners in connection with the placing.