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EasyJet shareholders approve £5.7 billion Apollo takeover
The deal won 97.07% support and would take the budget airline private, ending its London Stock Exchange listing after more than 25 years.
- On Wednesday, EasyJet shareholders approved the £5.7 billion takeover by US investment group Apollo, clearing a major hurdle for one of the largest private-equity buyouts of a European carrier.
- Founded by Sir Stelios Haji-Ioannou in 1995 as a low-cost alternative to British Airways, the airline expanded across Europe and listed on the London Stock Exchange more than 26 years ago.
- Voting results showed 97.07% of shares cast in favour, with 2.93% opposed, after US investment firm Castlelake withdrew a competing £5.5 billion proposal during the bidding war in August.
- The airline targets deal completion before the end of the first quarter of next year, moving EasyJet closer to exiting the London Stock Exchange after more than 25 years as a public company.
- European regulatory scrutiny remains a hurdle, as officials prepare a review of airline ownership rules designed to prevent foreign investors from gaining effective control of European carriers.
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EasyJet shareholders approve US giant Apollo’s $7.6 billion takeover, putting its first African base and routes across Morocco, Egypt, Tunisia and Cape Verde on path to new ownership
EasyJet shareholders have approved US investment giant Apollo Global Management’s £5.7 billion ($7.61 billion) takeover, bringing one of Europe’s largest low-cost airlines—and its expanding African operation—closer to new ownership.
·New York, United States
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EasyJet's shareholders have approved, at 97%, the acquisition of the British airline by the US fund Apollo, for 6.8 billion euros. The operation, which is still to be approved by the authorities, could be finalised at the beginning of 2027.
·Gennevilliers, France
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Easyjet only flies to and from Copenhagen in Denmark. It is expected that they will only receive final approval for the change of ownership from the EU later.
·Copenhagen, Denmark
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Total News Sources55
Leaning Left4Leaning Right6Center10Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 20%
C 50%
R 30%
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