Branch² Intelligence
Two bidders are better than one. But easyJet’s exit is depressing for the London market | Nils Pratley
Key takeaway
Apollo outbids Castlelake for easyJet at 715p, valuing the airline at £5.7bn.
- Step 1Apollo bids 715p for easyJet, triggering a bidding war with Castlelake.
- Step 2easyJet likely delists from London Stock Exchange, reducing FTSE 250 depth and UK equity market liquidity.
- Step 3UK SMEs face reduced IPO exit optionality as London's public market shrinks, potentially increasing cost of capital.
Source: The Guardian Business
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