Wizz Air top shareholder to sell shares worth 500 million pounds
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(Reuters) - Wizz Air's largest shareholder private equity firm Indigo Partners plans to sell shares worth 500 million pounds via an accelerated bookbuilding process, the bookrunner on the sale said on Monday.The Indigo shareholders own 20.6% of Wizz Air, which is worth about 624 million pounds based on Monday's closing share price. Veteran low-cost airline investor Bill Franke is Indigo's managing partner and founder and is chairman of Wizz Air.The shares will be offered to institutional..