British low-cost carrier EasyJet has been acquired by an American…
British low-cost carrier EasyJet has been acquired by an American investment fund. On Thursday, EasyJet announced its decision to accept the offer from American investment company Apollo to purchase a controlling stake for 5.7 billion pounds sterling (7.67 billion dollars).
Consensus
- Apollo Global Management has reached an agreement to acquire easyJet for $7.7 billion.
- The acquisition is valued at 5.7 billion pounds sterling.
- Each share of easyJet is being offered at 715 pence.
- The board of easyJet unanimously recommended shareholders accept the offer.
- Another potential buyer, Castlelake LP, withdrew from the acquisition process.
- Castlelake had previously offered 690 pence per share.
- EasyJet was founded in 1995 and began operations in November of that year.
- EasyJet operates over 1,000 routes across more than 30 countries.
- The company employs over 19,000 people.
- The deal is expected to be completed by early next year.
Points of divergence
- EasyJet operates flights to 1,200 destinations in 165 European airports. — tg_bbcrussian
- EasyJet has a fleet of over 350 Airbus aircraft, making it the second-largest low-cost carrier in Europe (after Ryanair) and fifth-largest among all European airlines. — tg_bbcrussian
- The fleet of easyJet exceeds 300 aircraft. — interfax
- The company serves over 1,000 routes in more than 30 countries. — interfax
- EasyJet serves approximately 1,200 routes in 35 countries. — kommersant
- The first flight of easyJet was from London Luton to Glasgow in November 1995. — tg_bbcrussian
- EasyJet went public in 2000. — interfax
- Apollo stated it fully supports the current strategy of easyJet and sees significant opportunities to accelerate operational and commercial goals. — kommersant
Coverage (3 sources)
- Investment firm Apollo buys easyJet, valuing the airline at $7.7 billion — Интерфакс
- British low-cost carrier EasyJet acquired by American investment fund — BBC News Русская служба
- EasyJet agreed to acquisition by investment fund Apollo for $7.7 billion — Коммерсантъ