The founder of
The billionaire, who launched the budget airline 26 years ago, chose not to buy new shares in a rights issue following a takeover bid by rival
His stake has tumbled to 15.3 per cent from 25.3 per cent – while at least a quarter of shares is needed to be able to intervene in shareholder decision making.
The airline’s shares dipped 3.5 per cent to 684.6p per share by market close.
The airline magnate had kept tight grip on around a third of the
The Greek-Cypriot billionaire has also reportedly conflicted with EasyJet’s management over plans to expand the airline in the past.
After
The post Shareholder turbulence:
© City AM, source