Hedge fund owner builds €1 billion stake in Ryanair
Edoardo Mercadante of Parvus has grown his holding to nearly 5 per cent of the airline, now tipped to be one of the winners from post-Covid consolidation of the sector
Edoardo Mercadante, the owner of the British hedge fund Parvus Asset Management, has built a near billion euro position in Ryanair through financial derivatives known as equity swap, stock exchange filings show.
At the close of trading last Friday, Mercadante’s firm held 4.98 per cent of the economic interest in Ryanair, which is equivalent to nearly €940 million worth of shares at the current price of €16.85.
Parvus has been building the stake since...
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