Apollo will buy Easyjet for 6.6 billion euros after Castlelake withdraws from the bidding
World1 source1 country🔦 Under-reported52m ago
Apollo Global Management has reached an agreement to acquire the British low-cost airline easyJet for 6.6 billion euros. The deal follows the withdrawal of a competing bid from the investment firm Castlelake, which pulled out of the process on Thursday. The acquisition marks a significant consolidation in the European aviation market involving a major American private equity firm.
The transaction concludes the bidding process for the airline, leaving Apollo as the sole successful suitor. While the financial terms have been established at 6.6 billion euros, the transition of ownership follows a period of competitive interest between the two investment firms.
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Infobae (Euro exchange rate report)Focuses on currency market fluctuations and financial data
Infobae (Apollo/Easyjet report)Focuses on corporate acquisition and competitive bidding dynamics
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