Business

Billionaire John Armitage’s Egerton Capital builds €600m stake in Ryanair

New filings show that Egerton, which is one of Europe’s biggest funds, has built up a 3 per cent stake in the Irish airline

Egerton Capital has 3.05 per cent worth of the shares in Ryanair, according to filings, which would be worth just over €580 million

A hedge fund run by one of Ireland’s richest men has built up a nearly €600 million stake in Ryanair, new stock exchanges filings show.

Egerton Capital has 3.05 per cent worth of the shares in Ryanair, according to filings, which would be worth just over €580 million as Ryanair’s share price currently trades at around €16.75.

Ryanair has reported profit after tax of €1.43 billion for the 12 months to March 31 this year ...