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Wizz Air was founded in 2003 and launched its first flight on May 19, 2004 from Katowice. Today, thanks to its constant growth, it has become the leading airline in Central and Eastern Europe, with a fleet of 134 aircraft that offers more than 960 routes to its passengers from more than 260 airports. Currently, thanks to the young Wizz Air fleet, it has the lowest CO2 emissions per passenger and plans to reduce them by a further 33 percent by 2030.
Wizz Air Holdings shares have also been listed on the London Stock Exchange since February 2015.
Today, the trading of the company’s shares began on the BETA Market, which provides access to the shares of large European companies without currency conversion costs.
The buy and sell offers are signed by OTP Bank.
“Capital market financing has played an important role in the growth of our company. Therefore, I am pleased that Hungarian investors can access our shares through the Budapest Stock Exchange. “ – said József Váradi, co-founder and CEO of Wizz Air Holdings.
“As a market maker in products from the EEB market, we make available to domestic investors securities traded on foreign stock exchanges in HUF, thus alleviating costs and problems of exchange and currency holding, while their money will continue to be invested in Euros, dollars and, from now on, in pounds. Wizz Air was chosen, which is one of the greatest successes of the Hungarian economy in the last 10 years “ – said László Wolf, Deputy CEO of OTP Bank, at the press event.
“A successful airline is a great example of strategic leadership and financial growth through the capital markets.
Wizz Air places great emphasis on the implementation of sustainability principles; this area is also an important part of the BSE strategy: we recently published our BSE ESG Guide, which is currently under public consultation, we updated our Corporate Governance Recommendations and today we commercialize new ESG ETF products we also launched “ – added Richárd Végh, CEO of the Budapest Stock Exchange.
About the BETA market
On the BSE market of the Budapest Stock Exchange, the investor has the opportunity to trade foreign stocks and ETFs. The financial instruments available here are completely identical to securities traded on foreign markets. Trading is done in HUF, which allows access to the shares of many large European companies issued in foreign currency without currency conversion costs. The liquidity of the foreign securities registered in the EEB market is provided by the market makers, who sign a contract to sign bids and offers. The listing helps investors to find a bid to buy and sell foreign instruments at a price consistent with market conditions at any time. The opening of the BETA Market, the negotiation and settlement rules, the negotiation stages, the type and validity of the offers are the same as those applied in the Stock Exchange Section. Foreign exchange gains earned by investors are taxed in the same way as foreign exchange gains earned on the EEB stock market. The execution of the transactions is guaranteed by KELER KSZF Zrt.
Source image source: BSE
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