EasyJet agrees $7.7bn Apollo deal as Castlelake walks away
Apollo Global Management has agreed to acquire European budget airline easyJet for approximately $7.7 billion, valuing the carrier at £5.70 per share. The transaction was announced Thursday as competing bidder Castlelake withdrew from the acquisition process.
Apollo Global Management has secured a deal to purchase easyJet, the European low-cost carrier, in a transaction valued at roughly $7.7 billion. The acquisition price represents £5.70 per share for the airline. The announcement came as Castlelake, which had previously expressed interest in acquiring easyJet, decided to exit the bidding process. Apollo's successful bid concludes the competitive process for the airline, with the transaction marking a significant move in the aviation sector.
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