16th Mar 2021 12:37
(Alliance News) -Â Wizz Air Holdings PLC's largest shareholder sold GBP400 million worth of shares in the carrier, Barclays Bank PLC confirmed on Tuesday.
Indigo Hungary LP and Indigo Maple Hill LP, being investment funds managed by Indigo Partners LLC, have sold 7.7 million shares in the eastern and central Europe-focused airline via an accelerated bookbuild priced at 5,200 pence per share.
Shares in Wizz were down 4.5% at 5,260.00p in London on Tuesday.
Following the placing, Indigo will continue to hold 7.3 million shares in Wizz. Prior to the sale, Indigo had held 15.0 million Wizz shares, representing just under an 18% stake.
Indigo engaged Barclays Bank PLC as global coordinator and Goodbody Stockbrokers as co-bookrunner in connection with the placing.
Wizz will not receive any proceeds from the placing.
By Lucy Heming;Â [email protected]
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