EasyJet agrees to £5.7bn takeover by Apollo Global Management
EasyJet has agreed to a £5.7bn takeover by US private equity firm Apollo Global Management, following the withdrawal of rival bidder Castlelake. This acquisition marks the end of a competitive bidding process for the British airline.
Reports behind this story
Articles and publisher reports that informed this story.
EasyJet agrees to £5.7bn takeover
EasyJet has agreed to a deal to sell the airline for around £5.7bn ($7.7bn) to a US-based investment firm. An easyJet plane takes off
Apollo to Buy European Budget Airline easyJet for $7.7 Billion
The deal for the British airline caps a weekslong bidding war with American private equity and aircraft leasing group Castlelake.
EasyJet agrees to £5.7bn takeover by US private equity firm
Airline says it has accepted offer from Apollo Global Management after rival bidder Castlelake walks away EasyJet has formally agreed to a £5.7bn takeover from US private equity firm Apollo Global Management. The airline announced it had accepted a firm offer on Thursday after a rival bidder, Castlelake, said it would no longer pursue its attempted acquisition. Continue reading...