Wizz Air Holding’s largest shareholder slashes stake in firm

The largest shareholder in low cost carrier Wizz Air has slashed its stake in the firm at a 3.5% discount to the stock’s last close. The sale was required to meet EU airline ownership rules following the UK’s exit from the trading bloc on January 31. Indigo Partners, a private equity firm sold 12.5 million shares of the low-cost airline at a 3.5% discount to the stock’s last close at a price of 4,015 pence per share, raising proceeds of about 500 million pounds ($648.45 million). Indigo Partners will hold continue to hold about 2.5 million shares in Wizz, leaving