Overview
- Apollo has offered 715p per easyJet share in a recommended cash acquisition that values the airline at about £5.7 billion and the easyJet board has unanimously recommended the scheme.
- The deal was announced on Thursday, August 6, 2026 after rival bidder Castlelake confirmed it would not make an improved offer and withdrew from the contest.
- Founding shareholder Sir Stelios Haji‑Ioannou and his family have given irrevocable undertakings covering roughly 15.3% of shares to support the transaction.
- Shareholders may instead elect a one‑for‑one unlisted rollover into Topco that is capped at 49.9% of Topco’s share capital and may be scaled back, and the takeover will be implemented by a court‑approved scheme of arrangement.
- Completion is conditional on a shareholder vote, court sanction and clearances in Austria, Egypt, Germany and the UK, Apollo must secure an EU/UK ownership solution because of nationality rules, and the parties expect the transaction to complete by the end of Q1 2027 if conditions are met.