Ryanair investor cuts its holding

Ryanair’s third-largest shareholder Blackrock Inc reduced its holding in the carrier to below 5% just before the news that the airline had signed a deal to secure 175 new aircraft.

A spokesperson for Blackrock refused to comment on why the American multinational investment firm had chosen to reduce its shareholding on the eve of the announcement of the huge Boeing purchase.

Blackrock alerted the stock market that it had reduced its shareholding from 5.2% reported in Ryanair’s annual report to below 5%.