Funds Managed by Indigo Partners to Sell Up to GBP400 Million in Wizz Air Shares
March 15 2021 - 1:47PM
Dow Jones News
By Matteo Castia
Investment funds managed by Indigo Partners LLC are placing up
to 400 million pounds ($556.8 million) of shares in Wizz Air
Holdings PLC, Barclays PLC said Monday.
The U.K. bank, which has been appointed as global coordinator of
the transaction, said Indigo is selling Wizz Air shares by way of
an accelerated bookbuild offering.
"A further announcement will be made following completion of the
bookbuild, which will contain the number of placing shares and the
gross proceeds from the placing," Barclays said.
As of Monday, Indigo holds 15 million ordinary shares in the
airline, representing a 17.5% stake, as well as convertible shares
and convertible notes.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
March 15, 2021 13:32 ET (17:32 GMT)
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