Skip to main content
Advertisement

EasyJet agrees to £5.7bn takeover by Apollo

EasyJet has agreed to a £5.7bn takeover by US firm Apollo after rival bidder Castlelake withdrew from the contest.

·1 min read
People boarding an EasyJet plane

EasyJet has agreed to be taken over in a £5.7bn deal by US firm Apollo.

The deal was announced after rival suitor Castlelake said it was dropping out of the bid battle for the no-frills airline.

Advertisement

EasyJet is one of Europe's largest airlines. It employs more than 19,000 people, and flies around 1,200 routes across 35 European countries.

It was founded by Sir Stelios Haji-Ioannou in 1995 to offer cheap air fares to Europe from the UK.

EasyJet agrees to surprise takeover bid as rival US firm swoops in

This article was sourced from bbc

Advertisement

Related News