Apollo moves towards the acquisition of easyJet for 6.725 billion by 2027 - Economía Digital
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EasyJet planes. Photo: Easyjet.com The acquisition of easyJet by Apollo Global Management is nearing its end and everything points to the operation being completed throughout the year 2027. The US fund agreed last August to buy the British airline for 5.7 billion pounds, about 6.725 billion euros at the exchange rate, after months of negotiations and a dispute to take over the company. EasyJet's CEO, Kenton Jarvis, has explained that he does not expect obstacles from shareholders to close the transaction. "I don't see any real obstacles from shareholders, that's what I've been told," he stated during a press conference organized by Airlines for Europe (A4E), in his first media appearance since the agreement was announced. The operation was closed after a battle between Apollo and Castlelake, which had also shown interest in taking over the airline. Finally, the other American fund decided to withdraw from the bidding and the current owner of Atlético de Madrid became the chosen buyer to take control of the company. The family of Stelios Haji-Ioannou, founder of easyJet, remains the company's main shareholder, with a 15.3% stake. According to Jarvis, the family will maintain a presence in the airline's future corporate governance and will have a voice on its board of directors. Apollo's entry into easyJet's capital is also conditioned by the rules regulating the ownership and...
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