George Soros invests in Flybe
21 December 2010The financier, famous for betting against the pound in the 1992 fiscal crisis, has acquired a 3.4pc stake that will have cost more than £7m.
With a 3.4pc holding it is understood that Mr Soros will become Flybe‘s fourth biggest investor behind the Walker family, which owns 49pc; British Airways, which holds 15pc; and management, led by chief executive Jim French, who own 7pc.
The company is Britain’s biggest domestic airline and raised £60m by offering 20.3m shares at 295p.
source: Telegraph.co.uk
