The Capital Group increases stake in Ryanair to 10.17%

Overall value of investment firm’s stake has fallen due to the airline’s share price slipping since December

Barry J Whyte

Chief Feature Writer @whytebarry
28th January, 2021
The Capital Group increases stake in Ryanair to 10.17%
The drop in the value of Ryanair’s shares is part of a wider trend in airline stocks, with fears that new variants of Covid-19 might require even tougher restrictions. Picture: Rollingnews.ie

The Capital Group, the billion-dollar Los Angeles investment firm, has pushed its stake in Ryanair up to 10.17 per cent in recent days, stock exchange filings show.

The value of that stake, however, has fallen substantially in recent weeks, as Ryanair’s share price has slipped from a recent high of €17.06 in early December to around €14 at the beginning of trading on Wednesday morning.

For Capital Group, that means that the stake it...

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