EasyJet has agreed to a £5.7bn takeover by Apollo, marking a proposed change of ownership for the no-frills carrier.
The deal would see the airline bought by the US firm after a competing suitor dropped out of the process. The value of the agreed takeover has been put at £5.7bn.
The development leaves Apollo as the buyer in the transaction, following the withdrawal of the rival bidder. No further details were provided about the identity of the other suitor or the reasons for its exit.
The supplied information does not set out the timetable for completion, any regulatory or shareholder approvals, or what the acquisition could mean for EasyJet’s operations, staff or passengers.
The latest known position is that EasyJet has agreed to the takeover by Apollo, with the proposed transaction valued at £5.7bn.
