Wagamama Boss to Buy EasyJet for £5.7bn Days After New Newcastle Flights Announced
8 Articles
8 Articles
The American financial investor Apollo is racing for the cheap airline. But the Greek Cypriot entrepreneur wants to continue to participate.
Loyalty and code sharing programs arrive with other companies, but prices are set to rise and it is not said that the company accounts improve
Apollo's £5.7 Billion Takeover and What it Means For easyJet Shareholders
The tug-of-war over easyJet is over, at least for now. Apollo Global Management has won the bidding for easyJet, agreeing to buy the airline for about £5.7 billion. Castlelake, another private equity firm that was also interested, pulled out of the running. The decision came after Castlelake withdrew from the bidding without giving a specific reason, ending the prospect of a drawn-out bidding war. What’s In the Deal and Market Reaction Apollo’s …
It looks like a big deal, but what just happened with EasyJet touches you full if you are looking for cheap flights from Spain. The Apollo fund has launched a purchase offer that values the orange airline at about 6.7 billion euros, and its founder, Stelios Haji-Ioannou, has decided to keep its 15% of the cake. The move reopens a poker game between giants of the European sky, and the ticket prices may be the one that matters most to us.
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