EasyJet Accepts £5.7bn Takeover From Apollo Global Management

EasyJet has agreed to a £5.7bn takeover offer from US firm Apollo Global Management after rival suitor Castlelake abandoned its acquisition attempt

Justin Tomlinson

Editor-in-Chief, Mora Discover

2 sources
EasyJet Accepts £5.7bn Takeover From Apollo Global Management

EasyJet has formally agreed to a £5.7bn takeover offer from US private equity firm Apollo Global Management. The airline announced on Thursday that it accepted the firm acquisition proposal from Apollo.[1][2]

The agreement was finalized after rival bidder Castlelake stated that it would no longer pursue its attempted acquisition of the budget carrier. Castlelake dropped out of the running, leaving Apollo Global Management to complete the £5.7bn deal.[1][2]

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EasyJet agrees to £5.7bn takeover by US firm
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EasyJet agrees to £5.7bn takeover by US 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 own attempted acquisition. Continue reading...

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