Share gains nearly seven percent.
Ryainar has found fresh money on the capital market. As the low-cost airline announced, the Irish asset manager J&E Davy has subscribed to over 35 million new shares for a total price of around 400 million euros. This corresponds to around 3.2 percent of the 1.1 billion share certificates in circulation.
The share price reacted positively to the announcement – the shares went out of trading on Friday with an increase of almost seven percent at 12.08 euros. The market value of Ryanair rose to over twelve billion euros – Lufthansa currently only has a market capitalization of a good five billion euros.