Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Luftfahrt: Finanzinvestor Apollo übernimmt Billigflieger Easyjet

Der konkurrierende Bieter Castlelake gibt seinen Übernahmeversuch auf. Castlelake hatte bereits fünf Gebote für easyJet vorgelegt, bevor Apollo im Juli in den Bieterstreit einstieg.

Original German Read in English

Luftfahrt: Finanzinvestor Apollo übernimmt Billigflieger Easyjet

Düsseldorf - British budget airline Easyjet has been acquired by US financial investor Apollo. This deal, confirmed after much deliberation, saw Apollo pay £7.15 per Easyjet share, or £5.7 billion, equating to €6.7 billion. The offer, initially suggested four weeks prior, marked the highest bid Easyjet had received.

Interestingly, US financial investor Castlelake, which had been holding Easyjet's shares since May, withdrew its bid once Apollo made its proposal. Castlelake had been negotiating with Easyjet over a potential takeover over several weeks, initially offering £6.90 per share. Following Castlelake's announcement of its withdrawal, Easyjet's shares plummeted by up to ten percent on the stock exchange. However, shortly after, the news of the agreement with Apollo was broadcast, causing a significant rebound in the share price.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Finance & Markets

More from Thursday 6 August →