Announced
Financials
Sources
Tags
Single Bidder
Public
Hungary
Private Equity
Pending
Airlines
airline operation
Minority
Friendly
Acquisition
Synopsis
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.
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