Indigo Partners to sell a 17.2% stake in Wizz Air for €500m.

Indigo Partners agreed to sell a 17.2% stake in Wizz Air, a Hungarian low-cost airline, for €500m. With the sale, Indigo’s stake in Wizz decreases from 20.6% to 3.4%. The shareholders will continue to hold convertible shares and convertible notes in Wizz following completion. Through the sale, Wizz Air will comply with the EU shareholder rules.