Indigo Partners Plans to Sell 400 Million Pounds Worth of Shares in Wizz Air

Indigo Partners Plans to Sell 400 Million Pounds Worth of Shares in Wizz Air

Wizz Air shareholder Indigo Partners LLC is planning to sell up to 400 million pounds ($555.56 million) of ordinary shares in the Hungarian low-cost airline, Barclays Bank said on Monday.

Indigo owns 15 million shares, or 17.5%, in Wizz Air as of Monday, said the bank, who is acting as the global coordinator on the deal.

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