EasyJet is set to be taken over in a deal valued at about £5.7 billion by US investment firm Apollo, after a rival bidder withdraws from the process, according to multiple reports. Under the proposed terms, Apollo would pay shareholders 715 pence per share. The transaction would be carried out at an enterprise value of roughly £5.7 billion, reflecting a move to consolidate ownership of the airline. The Independent also notes Apollo’s existing interests, including ownership of The Restaurant Group and Wagamama.
The reports indicate the takeover follows the end of competing interest from another bidder, leaving Apollo as the remaining party in the acquisition process. Details of timing, regulatory review, and the final acceptance level required from shareholders are not included in the provided excerpts. No separate information is provided on conditions that could affect completion. The announcement therefore centers on the shift in the bidding landscape and the per-share offer level that Apollo would use to acquire EasyJet.
