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EasyJet agrees to £5.7bn takeover
Castlelake withdrew a rival £5.5 billion bid, and easyJet’s founder and family, who own about 15%, backed Apollo’s takeover.
- EasyJet has agreed to be taken over by US firm Apollo in a £5.7 billion deal.
- EasyJet's founder Sir Stelios Haji-Ioannou, who still owns around 15% of the business, said he supported Apollo's plans for the airline "to create more growth".
- EasyJet chief executive Kenton Jarvis said "We welcome Apollo's commitment to our business and our people, and believe that its experience in the aviation sector makes it a strong partner for EasyJet".
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108 Articles
108 Articles
After a fierce takeover battle, EasyJet falls into the hands of Apollo Global Management. The American investor grew large through the debts of struggling...
·Amsterdam, Netherlands (Kingdom of the)
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The US financial investor wins the bidder race for the low-cost airline. In response, Easyjet's share goes up strongly.
·Munich, Germany
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An offer had initially been made by castlelake, but the offer of the US fund Apollo far exceeded. The buy-back offer to 5,7 billion pounds (6,7 billion euros) was confirmed on Thursday.
·Gennevilliers, France
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In financial difficulty, the British low cost has just found 6.7 billion euros from the American investment fund Apollo. The latter will hold up to 49.9% of the capital....
Coverage Details
Total News Sources108
Leaning Left15Leaning Right17Center18Last UpdatedBias Distribution36% Center
Bias Distribution
- 36% of the sources are Center
36% Center
L 30%
C 36%
R 34%
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