07.08.2026 09:51
US private equity firm Apollo has made a £5.7 billion takeover bid for low-cost airline easyJet. With the board accepting the £7.15 per share cash offer, the final sale process has begun, and the transfer of the airline, which operates at 164 airports across 38 countries, will be completed following approvals from regulatory authorities.
EasyJet, which was preparing to accept a £5.5 billion takeover bid from US investment firm Castlelake, has changed course following a new £5.7 billion offer from Apollo. The board has accepted the all-cash offer, and the final process for the sale of the company has begun.
APPROVAL FOR £5.7 BILLION OFFER
In the airline's sales process, the move by US private equity firm Apollo has shifted the balance.
While management was preparing to accept Castlelake's £5.5 billion offer, Apollo stepped in with a new £5.7 billion bid. As a result, negotiations with Castlelake were halted.
£7.15 PER SHARE
The board has accepted Apollo's all-cash takeover offer. Under the agreement, shareholders will receive £7.15 for each share they hold.
This has initiated the final process for the sale of the entire low-cost airline, headquartered at Luton Airport in London.
OPERATES IN 38 COUNTRIES
The company, which has an extensive flight network, operates at 164 airports across 38 countries.
The £5.7 billion transaction will be completed after the relevant authorities grant the necessary approvals.