Apollo's Bid for easyJet Sparks Competitive Auction

easyJet Apollo Castlelake

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US private equity firm Apollo has made a surprise offer for easyJet, trumping Castlelake's bid with a higher price of 715p per share (£5.7bn).
This has initiated a competitive auction, relieving easyJet's board.
Apollo is seen as a favorite due to its appeal to founder Sir Stelios Haji-Ioannou and its larger scale compared to Castlelake.

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US private equity firm Apollo has made a surprise offer for easyJet, trumping Castlelake's bid with a higher price of 715p per share (£5.7bn). This has initiated a competitive auction, relieving easyJet's board. Apollo is seen as a favorite due to its appeal to founder Sir Stelios Haji-Ioannou and its larger scale compared to Castlelake.

Read the full article on Guardian Business

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easyJet

مواضيعApollo Castlelake acquisition airline industry Sir Stelios Haji-Ioannou Sir Stephen Hester

This article was originally published by Guardian Business.

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