Apollo gatecrashes easyJet sale with surprise £5.7bn takeover offer - business live

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The sudden appearance of Apollo on the scene follows multiple rounds of talks between easyJet and Castlelake.

EasyJet had told investors earlier this week that it had reached an https://www.theguardian.com/business/2026/jul/06/easyjet-shares-jump-takeover-bid">agreement in principle with the firm at £6.90 per share.

Apollo has said today regarding its chunkier offer:

EasyJet management’s operational and commercial ambitions can be substantially accelerated via the access to incremental capital and longer-term business and strategic planning that a private company setting affords.

The proposed cash offer delivers a superior outcome for easyJet shareholders by providing a higher cash value than Castlelake’s latest proposal of £6.90 per easyJet share, submitted on 4 July 2026.

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