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George Soros invests in Flybe

21 December 2010

The 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.