Ryanair
British hedge fund cuts stake in Ryanair
Parvus Asset Management once held nearly €1 billion worth of the airline but has been reducing its stake in recent weeks
Edoardo Mercadante, the owner of the British hedge fund Parvus Asset Management, has whittled down his stake in Ryanair, stock exchange filings show.
At one point, Parvus had a stake worth nearly a billion euro, which it held through financial derivatives known as equity swaps.
A pair of stock exchange announcements this month show that Parvus whittled its stake down from 5.03 per cent to 4.9 per cent on January 9, and then again from ...