Branch² Intelligence
Easyjet accepts rival takeover bid from US investor Apollo worth £5.7bn
Key takeaway
Easyjet accepts £5.7bn takeover bid from US private equity firm Apollo.
- Step 1Apollo bids £5.7bn for Easyjet, offering a premium to shareholders.
- Step 2Easyjet delists from LSE, reducing UK equity market liquidity and removing a benchmark for airline valuations.
- Step 3Apollo, as private owner, may cut costs and raise fares to achieve target returns, impacting UK SME travel costs.
- Step 4Reduced competition on key routes (e.g., UK-Spain, UK-Portugal) could lead to higher airfares for business and leisure travellers.
Source: This Is Money
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