English businessman and RSA Insurance chief executive
Apollo has reached an agreement to acquire EasyJet at 715p a share, valuing the airline at about $7.7 billion. Castlelake has exited the bid, clearing the path for Apollo to take EasyJet private. The deal is expected to complete by Q1 2027, subject to shareholder and regulatory approvals.
The Guardian, Independent and Scotsman report that Castlelake has flagged a potential takeover of easyJet at no less than 403.23p per share, valuing the airline at about £3.06bn, while easyJet calls the approach highly opportunistic and notes ongoing regulatory and execution challenges.