The bidding war for easyJet has officially come to an end after US firm Apollo Global put in a £5.7 billion ($7.7 billion) bid for the British airline.
EasyJet has formally agreed to a £5.7bn take-over by US private equity firm Apollo Global Management, according to The Guardian.
Aviation News – Apollo Global has reached a definitive agreement to acquire European budget carrier easyJet in a cash transaction valuing the airline at approximately...
Founder Stelios Haji-Ioannou backs £5.7 billion deal and will remain a long-term shareholder
easyJet has agreed to a £5.7 billion takeover by US private equity firm Apollo Global Management after rival group Castlelake withdrew from bidding.
Castlelake, which was also in the running, withdrew its bid on Thursday.
Apollo outbid Castlelake and outstructured it. Its winning approach could become the blueprint for how overseas private equity acquires European airlines under strict local ownership rules.
Apollo Global Management has agreed a recommended cash acquisition of easyJet valuing the low-cost carrier at approximately £5.7…
