Friday 20 October 2017

Wizz Air resurrects London float plan

London Stock Exchange
London Stock Exchange

European airline Wizz Air said it intended to float on the London Stock Exchange and raise €150m in the first quarter, resurrecting plans shelved last year.

The Eastern European-focused carrier said its global offer would comprise the sale of new shares and shares sold by existing investors.

Hungary-based Wizz postponed plans to list in London last June. It said the proceeds from the listing would be used give it financial flexibility to fund its growth plans.

Reuters

Also in Business