Wizz Air (W6, Budapest) has confirmed Indigo Partners LLC have disposed of their 18.7% stake in the Hungarian budget carrier following a sales notice issued yesterday, June 14.
A statement to the London Stock Exchange (LSE) on Thursday, June 15, said the US low-cost carrier investment specialists sold their 10.7 million ordinary shares for 2,320 pence per Placing Share to unspecified institutional investors via an accelerated bookbuild process. The placement, which will raise approximately GBP249 million (USD317.1 million), is expected to close on or around June 19, 2017.
Through its Indigo Hungary LP and Indigo Maple Hill, L.P units, Indigo Partners said it retains 44,830,503 convertible shares and convertible notes which, on conversion of the full principal amount, would entitle it to have an additional 24,246,715 new ordinary shares in Wizz Air.
