Ryanair targets 400 million euros in share placement

Ryanairlaunched on Thursday a share placement, aiming to raise 400 million euros (356.42 million pounds)to help it take advantage of lower costs following the COVID-19 pandemic to expand its fleet and other initiatives.The Irish airline, Europe's largest low-cost carrier, said the equity raise, via a"non-pre-emptive placing of new ordinary shares ... to institutional investors and certain others" would begin immediately via an accelerated bookbuild.The COVID-19 pandemic is likely to "create oppo